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Dollar General

135 County School Rd, Lexington, NC 27292

Listing Price: $1,682,000

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
10.3
Gross SF
9,195
Guarantor
Corporate Guarantee
Rentable SF
9,195
Price/Gross SF
$182.93
Lease Type
Absolute Net
Rent Per Square Feet
$11.90

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a Dollar General in Lexington, NC.

Investment Highlights

  • 10+ years remaining on an original 15-year absolute triple-net lease that features zero landlord responsibilities and five 5-year renewal options.
  • Dollar General Corporation guarantees the lease and the current annual base rent of $109,392. Dollar General (NYSE: DG)
  • Located along I-85 corridor with 54,236 vehicles per day and US Highway 64 with 13,000 vehicles per day.
  • South Davidson County submarket demonstrates stability with 1.7% vacancy rate, outperforming market average of 2.7%.
  • Trade area shows steady growth with 5.55% projected 5-year population increases within 3-miles.

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s) NC: 241055

    North Carolina

Listing Price: $1,682,000

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
10.3
Gross SF
9,195
Guarantor
Corporate Guarantee
Rentable SF
9,195
Price/Gross SF
$182.93
Lease Type
Absolute Net
Rent Per Square Feet
$11.90

Investment Highlights

  • 10+ years remaining on an original 15-year absolute triple-net lease that features zero landlord responsibilities and five 5-year renewal options.
  • Dollar General Corporation guarantees the lease and the current annual base rent of $109,392. Dollar General (NYSE: DG)
  • Located along I-85 corridor with 54,236 vehicles per day and US Highway 64 with 13,000 vehicles per day.
  • South Davidson County submarket demonstrates stability with 1.7% vacancy rate, outperforming market average of 2.7%.
  • Trade area shows steady growth with 5.55% projected 5-year population increases within 3-miles.

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a Dollar General in Lexington, NC.

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s): NC: 241055

    North Carolina

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