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Vacant-User

Dollar General

2132 NC-705, Seagrove, NC 27341

Listing Price: $2,038,000

Cap Rate
4.85%
Gross SF
10,640
Rentable SF
10,640
Price/Gross SF
$191.54
Lot Size
3.30 acres
Year Built
2022

Investment Overview

The subject property is a brand new 2022 construction ±10,640 square foot Dollar General located in Seagrove (Randolph County), North Carolina. Dollar General signed a fifteen-year triple net lease with five, five-year options to extend at 10% increases. Dollar General (NYSE: DG), a publicly traded company with an investment grade credit rating of “BBB” by Standard & Poor’s, has a market cap of $49.5 billion and an annual revenue north of $33.75 billion.

Investment Highlights

  • Brand New 2022 Construction | Dollar General's Newest 10,640 SF. Prototype | Delivering in July 2022
  • The Asset is Located at the Corner of Dover Church Rd & NC Hwy 705 with Over 3,700 Cars Per Day | Directly Across the Street from Westmore Elementary School
  • Seagrove is the Halfway Point Between Charlotte and Raleigh | 30-minute drive South of Greensboro | Greensboro is Home to Nearly 300,000 Residents
  • Nestled in the Countryside of North Carolina, Seagrove is an Art Hub | You Will Find the Largest Concentration of Working Potters in the United States
  • Dollar General is the Nation's Largest Discount Retailer with Over 18,000 Locations in 47 States | Ranked 91 on the 2021 Fortune 500 List
  • Investment Grade Tenant | Standard & Poor's "BBB" Rating | Founded in 1939
  • 2021 Net Sales of 34.22 Billion | Annual Same-Store Sales Growth In Each of Last 31 Years

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    Senior Associate

    (919) 674-1100

    License(s) NC: 241055

    North Carolina

Vacant-User

Dollar General

Listing Price: $2,038,000

Cap Rate
4.85%
Gross SF
10,640
Rentable SF
10,640
Price/Gross SF
$191.54
Lot Size
3.30 acres
Year Built
2022

Investment Highlights

  • Brand New 2022 Construction | Dollar General's Newest 10,640 SF. Prototype | Delivering in July 2022
  • The Asset is Located at the Corner of Dover Church Rd & NC Hwy 705 with Over 3,700 Cars Per Day | Directly Across the Street from Westmore Elementary School
  • Seagrove is the Halfway Point Between Charlotte and Raleigh | 30-minute drive South of Greensboro | Greensboro is Home to Nearly 300,000 Residents
  • Nestled in the Countryside of North Carolina, Seagrove is an Art Hub | You Will Find the Largest Concentration of Working Potters in the United States
  • Dollar General is the Nation's Largest Discount Retailer with Over 18,000 Locations in 47 States | Ranked 91 on the 2021 Fortune 500 List
  • Investment Grade Tenant | Standard & Poor's "BBB" Rating | Founded in 1939
  • 2021 Net Sales of 34.22 Billion | Annual Same-Store Sales Growth In Each of Last 31 Years

Investment Overview

The subject property is a brand new 2022 construction ±10,640 square foot Dollar General located in Seagrove (Randolph County), North Carolina. Dollar General signed a fifteen-year triple net lease with five, five-year options to extend at 10% increases. Dollar General (NYSE: DG), a publicly traded company with an investment grade credit rating of “BBB” by Standard & Poor’s, has a market cap of $49.5 billion and an annual revenue north of $33.75 billion.

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    Senior Associate

    (919) 674-1100

    License(s): NC: 241055

    North Carolina

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