Contacts

Tyson Glasser

Trinity Partners - Columbia

Property Details

Property Type Retail - Freestanding
Property Size 9,026 SF
Lot Size 2.7 Acre
Date Updated May 14, 2026

Located in the established and desirable Cherrydale community of north Greenville, the Property has thrived since opening 12 years ago. It sits near the entrance to recreational hub Paris Mountain State Park, 2 miles from world-class Furman University, and 8 miles from the I-85 corridor, connecting Greenville to Charlotte (1.5 hours) and Atlanta (2 hours). Greenville is consistently ranked as one of the most popular and affordable places to live in the country.Trinity Partners is proud to serve as exclusive advisor to ownership and present to the marketplace this net lease retail investment opportunity in Upstate South Carolina leased to Dollar General, America’s #1 dollar store with over 20,800 locations in 48 states. Developed in 2014, the Property is 3 miles north of Downtown Greenville along heavily travelled Poinsett Hwy/US 276. It includes 2.7+ acres and a well maintained 9,000+ square foot building with 30 parking spaces and a large, elevated pylon sign. The 15-year NNN corporate lease commenced in April 2014 and includes five 5-year renewal options with 10% rental increases in each option period. The lease is guaranteed by the publicly traded parent company (NYSE: DG).

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Highlights

Corporate lease with parent guaranty (NYSE: DG) and investment grade credit ratings (S&P: BBB; Moody’s: Baa2)
Dense and stable trade area with over 1.5 million SF of retail space that is 98% leased
Fiscal 2025 net sales increased 5.2% to $42.7 billion and net income increased 34% to $1.5 billion
National brand tenant with over 20,800 stores scattered across America in 48 states
Near term rent bump of 10% in May 2029 (renewal option 1) pushing Cap Rate north of 7.6%
Population over 56,000 and average household incomes over $97,000 in a 3-mile radius
Rare older NNN lease where landlord has ZERO management/maintenance responsibility
South Carolina was the fastest growing state in the country in 2025 with population increase of 1.5% and Greenville recently became its first metro area to surpass 1 million residents
Traffic counts over 23,500 on 5-lane Poinsett Hwy north of site and over 34,500 south of it
Upside potential with over 2.7 acres of land and below market rent of $10.38 PSF currently