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Dollar General | New 15-Yr. NNN Lease

1054 Rocky Run Rd, Midway Park (Jacksonville MSA), NC 28544

Listing Price: $1,819,000

Cap Rate
6.05%
Tenant Name
Dollar General
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$10.34

Investment Overview

Marcus & Millichap is pleased to present the Dollar General in Jacksonville, NC.

Investment Highlights

  • 15-Year Absolute NNN Lease, No Landlord Responsibilities
  • 10% Rental Increases Every 5 Years Beginning in Each Option Period
  • Investment Grade Credit 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
  • Serving Over 72,000 Residents in Rapidly Growing Trade Area
  • Directly Off NC-24 with 20,000 Cars/Day and Easy Access to NC-17 with 42,000 Cars/Day

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 | New 15-Yr. NNN Lease

Listing Price: $1,819,000

Cap Rate
6.05%
Tenant Name
Dollar General
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$10.34

Investment Highlights

  • 15-Year Absolute NNN Lease, No Landlord Responsibilities
  • 10% Rental Increases Every 5 Years Beginning in Each Option Period
  • Investment Grade Credit 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
  • Serving Over 72,000 Residents in Rapidly Growing Trade Area
  • Directly Off NC-24 with 20,000 Cars/Day and Easy Access to NC-17 with 42,000 Cars/Day

Investment Overview

Marcus & Millichap is pleased to present the Dollar General in Jacksonville, NC.

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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