loader
Join Free
Views: 188 DOM: 211 Updated: 08.31.24 Posted: 04.24.24 Status: Active

Summary

Price $1,990,000
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,668
Lease Start 06-01-2024
#Units 19,986
Price/SF $157.09
Expiration 05-31-2039
Tenant Type Dollar/Discount
NOI $134,316
R. Term 14.6
Ownership Fee Simple
Rent/SF $10.60
Increases 5.0%/5/yrs
Pop 5Mi 3,606
Lot/AC 2.62
Options 5/5yrs/5%
AHHI 5Mi $62,596

Lease Highlights

  • Brand new 2024 construction
  • Dollar General will be executing a brand new 15-year lease with 5 (5-year) options to extend
  • The lease features 5% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located at a full-stop 4-way intersection on Faison Highway, with access to 6,200 vehicles passing by daily. The property is further enhanced by the limited competition in the immediate trade area. The 5-mile trade area is supported by a population of 3,606 residents with an average household income of $62,596. Faison is a town primarily in Duplin County,...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of  variety stores . The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 161 1,125 3,475
2023 Total Population : 165 1,158 3,606
2023 Employed Civilian Pop : 59 431 1,468
2023 Total Businesses : 5 26 99
2023 Average Household Income : $ 52,910 $ 55,664 $ 62,596
2023 Total Consumer Spending : $ 2 M $ 23 M $ 78 M
2023 Median Age : 36 37 38
2023 Total Households : 61 458 1,401
2023 Pop Age 25+: Bachelor's Degree : 34 201 378
2023 Average Home Value : $ 151,316 $ 156,294 $ 153,217
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Giddensville Road Faison Hwy 2021 835 0.30 mi
Faison Highway Carroll A Britt Rd 2019 5,200 0.36 mi
N N Ellis Road Giddensville Rd 2021 129 0.69 mi
Faison Highway Carroll A Britt Rd 2021 5,951 0.85 mi
Brewer Road Lake Artesia Rd 2021 176 0.88 mi
East Darden Road Faison Hwy 2021 466 0.98 mi
Faison Highway Hillcrest Ln 2021 5,273 1.06 mi
Lake Artesia Road Brewer Rd 2021 595 1.41 mi
Spencer Road Faison Hwy 2021 427 1.51 mi
Faison Highway Spencer Rd 2021 6,150 1.59 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity