Investment Offering – $1,428,333
Location: 897 Bells Highway, Walterboro, SC 29488
|Current Rent: $85,700||Cap Rate: 6.%|
|Lease Term: 15||Remaining Term: 15|
|Lease Type: NNN||Building Sq. Ft.: 8,340|
|Renewal Options: 6, Five Year Options|
- Brand New relocation store. The property is located on Bells Highway which is the major commercial thoroughfare running through and connecting the city of Walterboro. This is a proven and successful location for the tenant.
- Reported traffic counts on Bells Highway are 16,200 +/- ADT.
- The property is 100% leased to Family Dollar Stores of South Carolina, Inc. and guaranteed by Family Dollar Stores, Inc.
- Building will be a new prototype for Family Dollar (8,340 SF).
- Brand New Fifteen (15) Year Lease Term that will commence in March 2016
- Six (6), Five (5) Year Renewal Options with 10% increases beginning in Year 11 and in each option period.
- Walterboro is positioned at the gateway to the South Carolina Low Country, in the middle of a triangle formed by Charlestown, Savannah, and Columbia.