SOLD-Dollar General

H.B. Springs Co. Commercial Real Estate is the broker of record in the recent sale of the Dollar General situated at 5028 Dick Pond Rd., Myrtle Beach, SC.


This investment property, located in the heart of the Socastee community, features a 9,100 sf retail building with a long-term lease in place.   Dollar General bears a Baa2 credit rating per Moody’s Investors Service.


This credit investment provided limited landlord obligations with tenant responsibilities to the payment of all property taxes, property insurance and maintenance.


Acting on behalf of the Purchaser, H.B. Springs Co. Real Estate negotiated the final sales price and conducted Due Diligence review of all lease documents and property inspections.  Inspection findings resulted in items which further adjusted pricing, resulting in a sale at the transfer of deed to reflect a 7.53% Cap Rate.


For further details on this transaction or other to consider Credit Tenant investment opportunities as a part of your portfolio, contact T. Van Davenport.

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