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Benjamin Schultz

Dollar Store Propeties

Office Phone: 248.254.3409

Cell Phone: 734.790.0808

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Published on: Tuesday, September 26, 2017 6:55:29 PM
Updated on: Tuesday, September 26, 2017 7:50:11 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-North Carolina-91

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 100%

Year Build: 2017

 

Building Size: 9,014 SqFt

Lot Size: 2 Acre

No of Stories: 0

No of Parking: 0

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: This Dollar General is highly visible as it is strategically positioned on NC-48 in Roa-noke Rapids, NC. The five mile population from the site exceeds 28,000 while the two mile median household income exceeds $30,500 per year, making this loca-tion ideal for a Dollar General.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 6.4

Commission Split (%): 0

Complete Details


Year Build: 2017

Building Size: 9,014 SqFt.

No of Stories: 0

Total Lot Area: 1.90 Acre

No of Parking: 0

No of Total Units: 0

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: A

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Not Specified

Occupancy: 100%

Full Description


LoudLister Net Lease is pleased to present this 9,014 SF Dollar General store located in Roanoke Rapids, NC. The property is encumbered with a Fifteen (15) Year Abso-lute NNN Lease, leaving zero landlord responsibilities. The lease contains Four(5) Yr. Options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. Construction is complete, with the rent having commenced in May 2017. This Dollar General is highly visible as it is strategically positioned on NC-48 in Roa-noke Rapids, NC. The five mile population from the site exceeds 28,000 while the two mile median household income exceeds $30,500 per year, making this loca-tion ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple owner-ship of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 6.40% cap rate based on NOI of $94,400.

Additional Properties


Property Tenants
  • Dolgencorp, LLC
Property Highlights
  • Brand New Absolute NNN Lease
  • 15 Year Term | Four (5 Year) Options
  • Two Mile Household Income $30,935
  • Five Mile Population Exceeds 28,000
  • Site Benefits From 9,900 Car Per Day
  • Only Investment Grade Dollar Store

Attached Documents


 Download | Dollar General - NC - Roanoke Rapids.pdf ( 3,799.77KB)

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