Skip to main content

Discount

Dollar General | Piedmont Triad MSA

TBD NC 87, Reidsville, NC 27320

Listing Price: $2,543,000

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
15.4
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$239.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.53

Investment Overview

15 YEAR CORPORATE NNN LEASE WITH RENT INCREASES IN INITIAL TERM
• The subject property has a new corporate guaranteed NNN lease with 5% rent increases every 5 years.
• Tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure.
• There are 5% rent increases in each of the five, 5-year option periods.

PIEDMONT TRIAD MSA
• This Dollar General is located 30 minutes north of downtown Greensboro and the Piedmont Triad.
• The Triad is known as one of the primary manufacturing and transportation hubs of the southeastern U.S., including Greensboro, Winston-Salem, and High Point, NC.
• The Piedmont Triad’s estimated population is 1,611,243, making it the 33rd-largest combined statistical area in the United States.
• There are more than 20 colleges and universities within the Triad, including Wake Forest University, Elon University, and High Point University. These schools have a combined student count of 20,000.
• Notable companies headquartered in Greensboro include: Honda Aircraft Company, Lorillard Tobacco Company, Mack Trucks, Volvo Trucks of North America, The Fresh Market, Cook Out, Columbia Forest Products, and many more.

INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 21,000 locations and plans to open 750 stores in 2025.
• Dollar General has been in business for 80 years and has a current net worth of over $18.16B.

2025 UPGRADED CONSTRUCTION DOLLAR GENERAL
• New 10,640 SF upgraded construction Dollar General located in Reidsville, NC.
• This store is currently under construction and rent is scheduled to commence in September 2025.

Investment Highlights

  • 15 Year Corporate NNN Lease With Rent Increases In Initial Term
  • Piedmont Triad MSA
  • Investment Grade Tenant (S&P: BBB) With 21,000 Locations
  • 2025 Upgraded Construction Dollar General

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s) NC: 241055

    North Carolina

Financing By

Discount

Dollar General | Piedmont Triad MSA

Listing Price: $2,543,000

Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
15.4
Gross SF
10,640
Guarantor
Corporate Guarantee
Rentable SF
10,640
Price/Gross SF
$239.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.53

Investment Highlights

  • 15 Year Corporate NNN Lease With Rent Increases In Initial Term
  • Piedmont Triad MSA
  • Investment Grade Tenant (S&P: BBB) With 21,000 Locations
  • 2025 Upgraded Construction Dollar General

Investment Overview

15 YEAR CORPORATE NNN LEASE WITH RENT INCREASES IN INITIAL TERM • The subject property has a new corporate guaranteed NNN lease with 5% rent increases every 5 years. • Tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure. • There are 5% rent increases in each of the five, 5-year option periods. PIEDMONT TRIAD MSA • This Dollar General is located 30 minutes north of downtown Greensboro and the Piedmont Triad. • The Triad is known as one of the primary manufacturing and transportation hubs of the southeastern U.S., including Greensboro, Winston-Salem, and High Point, NC. • The Piedmont Triad’s estimated population is 1,611,243, making it the 33rd-largest combined statistical area in the United States. • There are more than 20 colleges and universities within the Triad, including Wake Forest University, Elon University, and High Point University. These schools have a combined student count of 20,000. • Notable companies headquartered in Greensboro include: Honda Aircraft Company, Lorillard Tobacco Company, Mack Trucks, Volvo Trucks of North America, The Fresh Market, Cook Out, Columbia Forest Products, and many more. INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 21,000 locations and plans to open 750 stores in 2025. • Dollar General has been in business for 80 years and has a current net worth of over $18.16B. 2025 UPGRADED CONSTRUCTION DOLLAR GENERAL • New 10,640 SF upgraded construction Dollar General located in Reidsville, NC. • This store is currently under construction and rent is scheduled to commence in September 2025.

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s): NC: 241055

    North Carolina

Financing By

MM Texture Background
MM Textured Background Lower