Family Dollar & Dollar Tree Leasehold Interest | Loris, SC
Sands Investment Group is Pleased to Present Exclusively For Sale the Leasehold Interest in a Newly Remodeled Family Dollar/Dollar Tree Combo Store in the Myrtle Beach Submarket of Loris, SC. This Opportunity Provides a New Owner With Stable Cash Flow From an Investment Grade Tenant.
- Tenant just Executed a 10 Year Lease Extension and Recently Converted the Store Into a Family Dollar/Dollar Tree Combo Store, Showing Commitment to the Site
- Dollar Tree Has a Bond Rating of Baa2 (Moody’s) and BBB (S&P), Making it an Investment Grade Tenant; This Makes For a Stabilized Investment For a New Owner
- Tenant Also Has a Significant Rent Bump in Year 5, Increasing the New Owner Cash Flow; A New Owner Can Also Benefit From Bonus Depreciation Due to the Property Being a Leasehold Interest
- The Property is Roughly 20-Miles Northwest From Myrtle Beach That Sees an Impressive 19 Million Visitors Per Year
- The Property Sits Conveniently Along Broad Street in Loris That Sees 10,951 Vehicles Per Day; The Site Also Has Excellent Visibility From the Road With Great Access Between Two Stoplights
- The Property’s Ground Lease Has Over 10 Years Remaining With an Expiration Date of 10/31/2033
- Recession and Pandemic Resistant Tenant
In Cooperation With Sands Investment Group Charleston, LLC, Broker Lic. #20891 BoR: Chris Sands – Lic. SC #93103
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