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Opportunity to purchase a Family Dollar store with over 7 years remaining on the operating lease (lease expires December 31, 2030). Annual rent for 2024 is scheduled to be $73,475.04. Rent is scheduled to increase to $75,000 per year as of January 1, 2026. This Family Dollar store first opened in 2005 and thus has a long-established operating history. It is located less than 5 miles from I-95 and less than 8 miles from I-20. The store is strategically situated along the busy Hwy 52 corridor that intersects with I-95 and shuttles traffic between Florence, SC and Darlington, SC. National retailers operating in the immediate area include Walmart, Walgreens, CVS, Sonic, McDonalds, Wendys, Taco Bell, Tractor Supply and O'Reilly Auto Parts, among many others. The Family Dollar building is 9,180 sq. ft. (per tax records) and is situated on a 0.727 acre lot. Family Dollar provides its customers with an assortment of basic necessities as well as seasonal merchandise. It is a wholly owned subsidiary of Dollar Tree, Inc., which operates more than 16,000 stores across the 48 contiguous states and five Canadian provinces. The Landlord responsibilities under the lease are relatively limited (see marketing brochure for more details). DISCLOSURE: No representation or warranty by listing agency regarding the property or the lease, with prospective buyers responsible for conducting their own due diligence to verify all relevant information. Advertised cap rate assumes that no Landlord repair/maintenance costs are incurred.
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