Discount
Dollar General | New 15-Yr. NNN | Across New $14 Billion Toyota Plant
5726 Bulb Rd, Julian (Greensboro MSA), NC 27283
Listing Price: $2,710,000
Cap Rate
6.50%
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
$16.56
Investment Overview
Marcus & Millichap is pleased to present the Dollar General in Julian, North Carolina.
Dollar General | New 15-Yr. NNN | Across New $14 Billion Toyota Plant
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- 5% Rental Increases Every 5 Years in Base Term and Options
- Investment Grade Credit Tenant (S&P: "BBB"), Ranked #111 on Fortune 500
- Dollar General is Nation's Largest Retailer with 20,600+ Stores
- Brand New Construction, Oversized Lot on 2.34+/- Acres
- Serving Over 24,000 Residents in Growing Suburb to Greensboro
- Average Household Income Exceeds $89,700 within 5 Miles
- Directly Across from New $14 Billion Toyota Battery Manufacturing Campus with 5,100+ Employees, Largest Single Investment in North Carolina
Exclusively Listed By
Broker of Record
-
Charles Gallagher
Senior Director, Market Leader- Washington D.C./Virgina/Maryland
Discount
Dollar General | New 15-Yr. NNN | Across New $14 Billion Toyota Plant
Listing Price: $2,710,000
Cap Rate
6.50%
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
$16.56
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- 5% Rental Increases Every 5 Years in Base Term and Options
- Investment Grade Credit Tenant (S&P: "BBB"), Ranked #111 on Fortune 500
- Dollar General is Nation's Largest Retailer with 20,600+ Stores
- Brand New Construction, Oversized Lot on 2.34+/- Acres
- Serving Over 24,000 Residents in Growing Suburb to Greensboro
- Average Household Income Exceeds $89,700 within 5 Miles
- Directly Across from New $14 Billion Toyota Battery Manufacturing Campus with 5,100+ Employees, Largest Single Investment in North Carolina
Investment Overview
Marcus & Millichap is pleased to present the Dollar General in Julian, North Carolina.
Exclusively Listed By
Broker of Record
-
Charles Gallagher
Senior Director, Market Leader- Washington D.C./Virgina/Maryland
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