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Dollar General

3037 Centennial Blvd, Claremont, NC 28610

Listing Price: $825,000

Cap Rate
8.00%
Tenant Name
Dollar General
Years Remaining On Lease
2.1
Gross SF
8,000
Guarantor
Corporate Guarantee
Rentable SF
8,000
Price/Gross SF
$103.12
Lease Type
Double Net
Rent Per Square Feet
$8.25

Investment Overview

Marcus & Millichap is please to present a recently extended Dollar General located just off I-40 in Claremont NC (Hickory MSA). Built in 2003 with 2.5 years remaining on term. Property consists on 8,000 square feet on a .8 acre parcel total. This investment is subject to a double net (NN) lease. This is a corporate location and lease is guaranteed by Dollar General (NYSE: DG) which has an investment grade rating by Standard & Poor's (S&P BBB, Stable). Strong traffic counts on I-40 of 51,000 and 14,000 count at N Oxford Street.

Investment Highlights

  • Two and half years remaining on lease, upside with renewal
  • Built in 2003 and operating successfully for 20 years
  • 17% population growth since 2000
  • Nearby merchants: Burger King, 7-Eleven, Claremont Inn & Suites
  • Just off Interstate 40 with 50,000 vehicles per day
  • Located in the Hickory Lenoir MSA - Strong employment generators
  • Population with in ten miles of 120,831

Exclusively Listed By

Listing Price: $825,000

Cap Rate
8.00%
Tenant Name
Dollar General
Years Remaining On Lease
2.1
Gross SF
8,000
Guarantor
Corporate Guarantee
Rentable SF
8,000
Price/Gross SF
$103.12
Lease Type
Double Net
Rent Per Square Feet
$8.25

Investment Highlights

  • Two and half years remaining on lease, upside with renewal
  • Built in 2003 and operating successfully for 20 years
  • 17% population growth since 2000
  • Nearby merchants: Burger King, 7-Eleven, Claremont Inn & Suites
  • Just off Interstate 40 with 50,000 vehicles per day
  • Located in the Hickory Lenoir MSA - Strong employment generators
  • Population with in ten miles of 120,831

Investment Overview

Marcus & Millichap is please to present a recently extended Dollar General located just off I-40 in Claremont NC (Hickory MSA). Built in 2003 with 2.5 years remaining on term. Property consists on 8,000 square feet on a .8 acre parcel total. This investment is subject to a double net (NN) lease. This is a corporate location and lease is guaranteed by Dollar General (NYSE: DG) which has an investment grade rating by Standard & Poor's (S&P BBB, Stable). Strong traffic counts on I-40 of 51,000 and 14,000 count at N Oxford Street.

Exclusively Listed By

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