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3216 E Palmetto St, Florence, SC, 29506

Family Dollar
$1,331,000

Key Information

Cap Rate
8%
Tot. SF
8,000
Year Built
2013
Term Remaining
±2.1 YRS
Type
Retail

Highlights

Quality Construction – Built in 2013, the property was constructed to national retail standards, incorporating durable materials and design specifications tailored for long-term retail occupancy.

Long-Term Lease with Built-in Rent Growth – There are ±3 years remaining on an original 15-year lease, featuring 10% rental increases scheduled at the commencement of each of the four 5-year option periods, supporting long-term income growth.

High-Visibility Retail Corridor – Situated along E. Palmetto St. (U.S. Highway 76), one of Florence’s primary east–west commercial arteries, the site benefits from ±20,200 average daily vehicles, offering sustained visibility and access to a consistent consumer base.

Proximity to National Retailers – The property is surrounded by a dense concentration of national retailers, including Walmart, Lowe’s, Food Lion, CVS, and Walgreens. This complementary retail mix reinforces the corridor’s role as a regional shopping destination and enhances foot traffic to the subject property.

Limited Landlord Responsibilities – The lease is structured to minimize landlord obligations, offering passive ownership with stable and predictable cash flow, ideal for investors seeking low-management retail assets.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 22684 (SC)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203