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Dollar General

1804 US-1, Norlina, NC 27563

Listing Price: $1,829,000

Cap Rate
5.30%
Tenant Name
Dollar General
Years Remaining On Lease
14.8
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$171.90
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.11

Investment Overview

The subject property is a brand new 2022 construction ±10,640 square foot Dollar General located in Norlina (Warren 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 | Anticipated Store Opening in November 2022
  • The Asset is Located Along US Highway 1 with Traffic Counts in Excess of 3,600 Cars Per Day
  • Dollar General Fills a Void in the Market | Nearest Grocery Store is 5 Miles Away | Positioned Along the Busiest Road in Norlina

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Discount

Dollar General

Listing Price: $1,829,000

Cap Rate
5.30%
Tenant Name
Dollar General
Years Remaining On Lease
14.8
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$171.90
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.11

Investment Highlights

  • Brand New 2022 Construction | Dollar General's Newest 10,640 SF. Prototype | Anticipated Store Opening in November 2022
  • The Asset is Located Along US Highway 1 with Traffic Counts in Excess of 3,600 Cars Per Day
  • Dollar General Fills a Void in the Market | Nearest Grocery Store is 5 Miles Away | Positioned Along the Busiest Road in Norlina

Investment Overview

The subject property is a brand new 2022 construction ±10,640 square foot Dollar General located in Norlina (Warren 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

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

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