Discount
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.
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 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
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.
