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Views: 124 DOM: 95 Updated: 10.31.24 Posted: 09.18.24 Status: Active

Summary

Price $2,487,000
Built/Renov 2024
Tenant Dollar General Market
Cap Rate 6.60%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,640
Lease Start 10-15-2024
#Units 19,986
Price/SF $233.74
Expiration 10-14-2039
Tenant Type Dollar/Discount
NOI $164,169
R. Term 14.10
Ownership Fee Simple
Rent/SF $15.43
Increases 5.0%/5/yrs
Pop 5Mi 6,441
Lot/AC 1.93
Options 5/5yrs/5%
AHHI 5Mi $72,607

Lease Highlights

  • Brand new 2024 construction
  • New 15-year lease with 5 (5-year) options to extend
  • The lease features 5% rental increases every 5 years throughout the base term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Dollar General Market is strategically located at a hard corner four-way intersection on Highway 64 W, a major east/west artery with access to 3,200 vehicles passing by daily. The property benefits from its proximity to I-40, which sees 30,000 VPD, and is surrounded by several K-12 schools serving over 7,000 students. It is also close to Pisgah-Nantahala National Forests, which attract more...

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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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