8158 Highway 14 - Storefront FOR SALE


Gray Court, SC 29645
$2,250,000 USD
404-435-6312
8158 Highway 14, Gray Court, SC for Sale
$2,250,000 USD
Storefront - FOR SALE
1/5
null | 6.51% Cap Rate

8158 Highway 14
Gray Court, SC 29645


HIGHLIGHTS

  • Located less than 10 minutes from Tesla’s brand-new distribution center (250K+ SF) and Amazon’s future fulfillment center (100+ AC)
  • Dollar Tree (NASDAQ: DLTR, S&P: BBB, Moody’s: Baa2) operates more than 16,000 stores across 48 states and 5 Canadian provinces
  • The company is ranked #137 on the Fortune 500 and has more than 211,000 associates and 25 distribution centers
  • The brand has proven to be internet and recession proof with net sales of $30.6B in 2023, a 30% increase since 2019 (store count increased 9.7%)
  • Main and main location at the busiest intersection in the market with the highest traffic counts of 11,700 VPD on Hwy 14
  • Only 1.5 miles off I-385 (29,300 VPD) and less than a 30-minute drive to GSP International Airport (2.56M passengers in 2023, a 17% increase from 2022

OVERVIEW

Trinity Partners is proud to serve as exclusive listing broker on behalf of Twin Rivers Capital and present to the marketplace this brand-new Dollar Tree Combo Store net lease investment opportunity in Gray Court, South Carolina (“Dollar Tree” or the “Property”). The Property was developed in 2023 as Dollar Tree’s first store in the market and was built with all custom brick to make a lasting impression. The site is situated on the best piece of commercial real estate in the market, at the main signalized intersection of town, and along the primary traffic corridor in the county. Dollar Tree is on a 10-year net lease with a corporate guaranty that commenced in October 2023. There are multiple renewal options with rent increases every option period. Dollar Tree is a leading operator of discount variety stores that have served North America for nearly 70 years. The Property is located just off I-385 and less than a 30-minute commute to Downtown Greenville and Greenville-Spartanburg International Airport. Gray Court is part of the booming 10-county Upstate SC region and is positioned to experience tremendous growth over the decade and beyond.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$214 USD /SF

CAP RATE

6.51%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree Combo Store - Greenville MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.76 AC

LAND SF

76,666 SF

ZONING

B-1

APN/PARCEL ID

905-04-04-008

ASK ABOUT THIS PROPERTY

Tyson GlasserTrinity PartnersMore Info
404-435-6312

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Tyson GlasserTrinity PartnersMore Info
404-435-6312

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.