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Dollar General I High Traffic I Early Store Remodel

689 US-70, Beaufort, NC 28516

Listing Price: $1,005,000

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
4.6
Gross SF
9,014
Guarantor
Corporate Guarantee
Rentable SF
9,014
Price/Gross SF
$111.49
Lease Type
Double Net
Rent Per Square Feet
$7.25

Investment Overview

Double Net (NN) Dollar General w/ Minimal Landlord Responsibilities Located on a Highly Trafficked Section of Highway 70 East (8,100 Vehicles Per Day (VPD)) in Beaufort, North Carolina. High Volume Store Underwent an Early Remodel in 2018 Adding a Broader Scope of Grocery Offerings Demonstrating Considerable Tenant Commitment to the Site. Strategically Positioned Immediately Across from a Multi-Tenant Shopping Center and a Host of Additional Local Tenants Creating Considerable Retail Synergies for the Subject Property. Limited Dollar General Competition with the Next Nearest Dollar General Unit Positioned Over Six Miles Away Providing This Unit Additional Security. Situated in an Area with Over 6,000 People Living Within a 5-Mile Radius with an Average Annual Household Income Exceeding $69,000. Lease Corporately Guaranteed by Dollar General, an American Chain of Variety Stores with Over 16,000 Locations Nationwide and an S&P Credit Rating of BBB.

Investment Highlights

  • Double Net (NN) Dollar General w/ Minimal Landlord Responsibilities Located on a Highly Trafficked Section of Highway 70 East (8,100 Vehicles Per Day (VPD)) in Beaufort, North Carolina
  • High Volume Store Underwent an Early Remodel in 2018 Adding a Broader Scope of Grocery Offerings Demonstrating Considerable Tenant Commitment to the Site
  • Strategically Positioned Immediately Across from a Multi-Tenant Shopping Center and a Host of Additional Local Tenants Creating Considerable Retail Synergies for the Subject Property
  • Limited Dollar General Competition with the Next Nearest Dollar General Unit Positioned Over Six Miles Away Providing This Unit Additional Security
  • Situated in an Area with Over 6,000 People Living Within a 5-Mile Radius with an Average Annual Household Income Exceeding $69,000
  • Lease Corporately Guaranteed by Dollar General, an American Chain of Variety Stores with Over 16,000 Locations Nationwide and an S&P Credit Rating of BBB

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    Senior Associate

    (919) 674-1100

    License(s) NC: 241055

    North Carolina

Discount

Dollar General I High Traffic I Early Store Remodel

Listing Price: $1,005,000

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
4.6
Gross SF
9,014
Guarantor
Corporate Guarantee
Rentable SF
9,014
Price/Gross SF
$111.49
Lease Type
Double Net
Rent Per Square Feet
$7.25

Investment Highlights

  • Double Net (NN) Dollar General w/ Minimal Landlord Responsibilities Located on a Highly Trafficked Section of Highway 70 East (8,100 Vehicles Per Day (VPD)) in Beaufort, North Carolina
  • High Volume Store Underwent an Early Remodel in 2018 Adding a Broader Scope of Grocery Offerings Demonstrating Considerable Tenant Commitment to the Site
  • Strategically Positioned Immediately Across from a Multi-Tenant Shopping Center and a Host of Additional Local Tenants Creating Considerable Retail Synergies for the Subject Property
  • Limited Dollar General Competition with the Next Nearest Dollar General Unit Positioned Over Six Miles Away Providing This Unit Additional Security
  • Situated in an Area with Over 6,000 People Living Within a 5-Mile Radius with an Average Annual Household Income Exceeding $69,000
  • Lease Corporately Guaranteed by Dollar General, an American Chain of Variety Stores with Over 16,000 Locations Nationwide and an S&P Credit Rating of BBB

Investment Overview

Double Net (NN) Dollar General w/ Minimal Landlord Responsibilities Located on a Highly Trafficked Section of Highway 70 East (8,100 Vehicles Per Day (VPD)) in Beaufort, North Carolina. High Volume Store Underwent an Early Remodel in 2018 Adding a Broader Scope of Grocery Offerings Demonstrating Considerable Tenant Commitment to the Site. Strategically Positioned Immediately Across from a Multi-Tenant Shopping Center and a Host of Additional Local Tenants Creating Considerable Retail Synergies for the Subject Property. Limited Dollar General Competition with the Next Nearest Dollar General Unit Positioned Over Six Miles Away Providing This Unit Additional Security. Situated in an Area with Over 6,000 People Living Within a 5-Mile Radius with an Average Annual Household Income Exceeding $69,000. Lease Corporately Guaranteed by Dollar General, an American Chain of Variety Stores with Over 16,000 Locations Nationwide and an S&P Credit Rating of BBB.

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    Senior Associate

    (919) 674-1100

    License(s): NC: 241055

    North Carolina

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