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Views: 49 DOM: 52 Updated: 11.21.24 Posted: 10.30.24 Status: Active

Summary

Price $2,187,000
Built/Renov 2025
Tenant Dollar General Market
Cap Rate 6.65%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,687
Lease Start 12-01-2024
#Units 19,986
Price/SF $172.38
Expiration 01-01-2040
Tenant Type Dollar/Discount
NOI $145,452
R. Term 15.0
Ownership Fee Simple
Rent/SF $11.46
Increases 5.0%/5/yrs
Pop 5Mi 3,036
Lot/AC 1.61
Options 5/5yrs/5%
AHHI 5Mi $77,835

Lease Highlights

  • The newly constructed building will feature a state-of-the-art design with high-quality materials
  • New 15-year lease with 5 (5-year) options to extend
  • The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period
  • Absolute NNN lease | Zero landlord responsibilities

Location Description

Dollar General Market is strategically located on Main Street, with access to 14,000 vehicles passing by daily. The property is conveniently close to notable national tenants, including Piggly Wiggly, Shell, Hardee’s, and more. Key educational institutions in the area include Maysville Elementary School, Silverdale Elementary, and Swansboro High School. The 5-mile trade area serves a...

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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...


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Listing Broker

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