Darlington, SC 29532,1544 S Main ST
Darlington, SC 29532,1544 S Main ST
Darlington, SC 29532,1544 S Main ST
Darlington, SC 29532,1544 S Main ST
Darlington, SC 29532,1544 S Main ST
Darlington, SC 29532,1544 S Main ST
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$850,000

$899,000

5.5%
Est.Price: ?

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Est. payment /mo

31,668 SqFt


SOLD DATE : 01/16/2024

Key Details

Sold Price $850,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 31,668 sqft

Price per Sqft $26

MLS Listing ID 31001661

Sold Date 01/16/24

Year Built 2005

Lot Size 0.727 Acres

Acres 0.727

Property Sub-Type Retail

Property Description

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.

Location

State SC

County Darlington

Exterior

Parking Features Surface

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Listed by Chris Cunniffe • Engel & Volkers Charleston
Bought with Chris Cunniffe • Engel & Volkers Charleston

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