Discount
Dollar General | New 15-Yr. NNN Lease
13814 NC-55, Bayboro, NC 28515
Listing Price: $1,565,000
Cap Rate
6.05%
Tenant Name
Dollar General
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
10,566
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.96
Investment Overview
Marcus & Millichap is pleased to present the Dollar General in Bayboro, NC.
Dollar General | New 15-Yr. NNN Lease
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- 10% Rental Increases Every 5 Years Beginning in Each Option Period
- Investment Grade Tenant, Rated 'BBB' by S&P
- Dollar General is the Nation's Largest Retailer with 19,000+ Stores
- Classified Nationally As An Essential Retailer for Daily Shopping Needs
- Brand New Upgraded Construction with Brick Façade on an Oversized Parcel
- Situated in the Greenville-New Bern-Kinston CSA with Over 427,000 Residents
- Highly Visible Along Major East/West Artery, Direct Access to Downtown New Bern
Listing Price: $1,565,000
Cap Rate
6.05%
Tenant Name
Dollar General
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
10,566
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.96
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- 10% Rental Increases Every 5 Years Beginning in Each Option Period
- Investment Grade Tenant, Rated 'BBB' by S&P
- Dollar General is the Nation's Largest Retailer with 19,000+ Stores
- Classified Nationally As An Essential Retailer for Daily Shopping Needs
- Brand New Upgraded Construction with Brick Façade on an Oversized Parcel
- Situated in the Greenville-New Bern-Kinston CSA with Over 427,000 Residents
- Highly Visible Along Major East/West Artery, Direct Access to Downtown New Bern
Investment Overview
Marcus & Millichap is pleased to present the Dollar General in Bayboro, NC.
