Discount
Dollar General Market | Rocky Point, NC
State Hwy 210, Rocky Point, NC 28457
Listing Price: $2,826,000
Cap Rate
6.50%
Tenant Name
Dollar General Market
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
12,687
Lease Type
Absolute Net
Rent Per Square Feet
$14.48
Investment Overview
New Dollar General Market in Rocky Point, NC
Dollar General Market | Rocky Point, NC
Investment Highlights
- Brand new construction Dollar General Market delivering in July | 15-Year Absolute Net lease with 5% increases every five years.
- Rocky Point is a short drive from Wrightsville Beach and Wilmington, offering more affordable home prices compared to those areas.
- The site has multiple residential communities in close proximity and is down the street from Cape Fear Elementary School (478 Students) and Cape Fear Middle School (451 Students).
- Pender County has announced their "Imagine Pender 2050" vision which anticipates Pender County to nearly double in size by 2050 to over 120,000 residents.
- Rocky Point is poised for growth, starting with the Lanes Ferry Landing development, which has a total of 2,695 new residential units planned. A full buildout is expected to take place over the next 10-15 years and could add an additional 10,000 residents to Rocky Point from the current 1,600 residents.
Exclusively Listed By
Broker of Record
-
Donald Gilchrist
First Vice President Investments
Financing By
Listing Price: $2,826,000
Cap Rate
6.50%
Tenant Name
Dollar General Market
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
12,687
Lease Type
Absolute Net
Rent Per Square Feet
$14.48
Investment Highlights
- Brand new construction Dollar General Market delivering in July | 15-Year Absolute Net lease with 5% increases every five years.
- Rocky Point is a short drive from Wrightsville Beach and Wilmington, offering more affordable home prices compared to those areas.
- The site has multiple residential communities in close proximity and is down the street from Cape Fear Elementary School (478 Students) and Cape Fear Middle School (451 Students).
- Pender County has announced their "Imagine Pender 2050" vision which anticipates Pender County to nearly double in size by 2050 to over 120,000 residents.
- Rocky Point is poised for growth, starting with the Lanes Ferry Landing development, which has a total of 2,695 new residential units planned. A full buildout is expected to take place over the next 10-15 years and could add an additional 10,000 residents to Rocky Point from the current 1,600 residents.
Investment Overview
New Dollar General Market in Rocky Point, NC
Exclusively Listed By
Broker of Record
-
Donald Gilchrist
First Vice President Investments
Financing By
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