Dollar General Store

This brand new Dollar General store sits on Highway SC-90 in the rapidly expanding Red Hill community of Conway, South Carolina, within the Myrtle Beach MSA. Surrounded by new residential subdivisions, retail development, and golf courses, and within close proximity of Coastal Carolina University’s 12,000-plus students, the location is positioned at the center of one of the fastest growing markets in the country. The property is secured by a 15-year absolute NNN lease guaranteed by Dolgencorp, LLC with 5% rent increases every five years.

Construction

2025 construction; metal over steel frame building with masonry trim accents

Investment Highlights

Brand new Dollar General store constructed in 2025 featuring a metal over steel frame building with masonry trim accents, positioned in a high-growth corridor of Conway, South Carolina.
The immediate trade area is surrounded by new retail development, residential subdivisions, and golf courses, reflecting the rapid residential and commercial expansion underway in the Myrtle Beach MSA.
Absolute NNN lease with zero landlord responsibilities. Guaranteed by Dolgencorp, LLC with full Dollar General corporate guaranty. Lease commenced November 1, 2025 and runs through October 31, 2040.
Located in Horry County, ranked the 44th fastest growing county in the United States, with a 3.64% annual growth rate and a 26.69% population increase since the 2020 census.
Positioned on Highway SC-90, a primary Conway thoroughfare with 10,500 vehicles per day and direct connectivity to Highway 501, the main artery linking Conway and Myrtle Beach.
Coastal Carolina University, with over 12,000 students, is within close proximity of this location, contributing to a dense and growing daytime population base.
Dollar General operates over 20,893 stores across 48 states supported by 34 distribution centers, making it one of the most widely distributed retailers in the United States.
Dollar General carries an S&P BBB investment grade credit rating with $42.7 billion in sales in fiscal 2025, offering investors a stable, credit-backed income stream.
New construction, long-term NNN lease, and corporate guaranty make this an ideal replacement property for 1031 exchange buyers seeking passive, management-free income.
Dollar General is ranked #111 on the Fortune 500 list, underscoring the financial strength and operational scale of the tenant behind this lease.

Ready to Discuss Your Next Investment?

Whether you are looking to acquire a NNN property, sell an existing investment asset, complete a 1031 exchange, or discuss a commercial real estate opportunity, Harrison Capital Advisors is ready to assist.

James C. Harrison, III, CCIM

Managing Partner / Head of Real Estate Investment Sales

Coleman Davis

Partner / Senior Investment Real Estate Advisor