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Dollar General | Claremont, NC

3207 E North Carolina 10 Highway, Claremont, NC 28610

Listing Price: $2,181,000

Cap Rate
5.25%
Tenant Name
Dollar General
Years Remaining On Lease
14.9
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$204.98
Lease Type
Absolute Net
Rent Per Square Feet
$10.76

Investment Overview

The subject property is a brand new 2022 construction ±10,640 square foot Dollar General located in Claremont (Catawba 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 Upgraded Construction | Dollar General's Newest 10,640 SF. Prototype | Anticipated Store Opening in December 2022
  • The Asset is Located Along E NC Highway 10 with Traffic Counts in Excess of 4,565 Cars Per Day
  • Claremont is an Industrial Hub in the Region | Home to the Claremont International Rail Park | Metro Ranked #1 in the US for Cost of Doing Business | Over 425 Manufactures in Catawba County Alone
  • Tenant 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 | In Business Since 1939
  • Net Sales in 2021 were $34.22 Billion | Recession Proof Tenant

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 | Claremont, NC

Listing Price: $2,181,000

Cap Rate
5.25%
Tenant Name
Dollar General
Years Remaining On Lease
14.9
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$204.98
Lease Type
Absolute Net
Rent Per Square Feet
$10.76

Investment Highlights

  • Brand New 2022 Upgraded Construction | Dollar General's Newest 10,640 SF. Prototype | Anticipated Store Opening in December 2022
  • The Asset is Located Along E NC Highway 10 with Traffic Counts in Excess of 4,565 Cars Per Day
  • Claremont is an Industrial Hub in the Region | Home to the Claremont International Rail Park | Metro Ranked #1 in the US for Cost of Doing Business | Over 425 Manufactures in Catawba County Alone
  • Tenant 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 | In Business Since 1939
  • Net Sales in 2021 were $34.22 Billion | Recession Proof Tenant

Investment Overview

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