Wednesday, December 3, 2014

Dollar General - Boiling Springs, SC

Property Features
  • ±9,014 SF (Dollar General)
  • 10.5 years remaining on original term
  • NN lease structure - Landlord responsible
    for roof/structure/parking lot
  • five/5-year options
  • NYSE: DG - corporate guaranty
  • S&P rated BBB - investment grade credit
  • Sale Price: $1,240,000
  • 7.11% cap rate (current)
  • 7.22% cap rate (average) 
Area Information

Boiling Springs, SC is located just minutes from Spartanburg, SC. Boiling Springs is one of the fastest growing areas in Spartanburg County. Spartanburg/Boiling Springs is conveniently located in Upstate South Carolina, between Atlanta, GA and Charlotte, NC. Less than an hour from Asheville, NC and only twenty minutes from Greenville, SC. Spartanburg/Boiling Springs location of I-85 and I-26 makes it an attractive choice for businesses and residents. Spartanburg is home to 10 international firms including BMW, Milliken, Michelin N.A. HQ’s, Cryovac, Kohler, Denny’s HQ’s and Amazon. Spartanburg’s international firms represent 18 countries. 

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