Discount
2525 Blowing Rock Blvd
2525 Blowing Rock Blvd, Lenoir, NC 28645
Listing Price: $2,598,000
Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$15.87
Investment Overview
Brand new 2026 upgraded construction Dollar General | 15-year corporate-backed absolute-net lease with 5% increases every five years.
2525 Blowing Rock Blvd
Investment Highlights
- Brand new 2026 upgraded construction Dollar General | 15-year corporate-backed absolute-net lease with 5% increases every five years.
- Situated along Blowing Rock Blvd (US Highway 321), a major commercial and thoroughfare corridor in Lenoir, providing excellent visibility and access with over 15,000 vehicles passing the site each day
- South of the site along Blowing Rock Road, there are multiple national tenants including Walmart, CVS, Wells Fargo, Longhorn Steakhouse, Zaxby's, AT&T, Taco Bell, Wendy's, Chipotle, and multiple other
- Lenoir, the county seat of Caldwell County. Lenoir is nicknamed "Where the High Country Begins." Lenoir offers access to outdoor recreation (e.g., Hibriten Mountain trails, Lenoir Greenway system with 5+ miles of paths, parks, golf, and proximity to the Blue Ridge Mountains).
- As of March 2025, Dollar General has 20,454 stores across 48 states.
- In 2024, Dollar General reported net sales of $40.6 billion, marking a 5.0% increase from the previous fiscal year.
- Dollar General continues its expansion strategy, aiming to open 590 new stores and remodel approximately 4,250 existing locations in fiscal 2025.
- Dollar General has been in business for 86 years | Dollar General ranks 111 on the Fortune 500 list for 2024
Exclusively Listed By
Broker of Record
-
Charles Gallagher
Senior Director, Market Leader- Washington D.C./Virgina/Maryland
Listing Price: $2,598,000
Cap Rate
6.50%
Tenant Name
Dollar General
Years Remaining On Lease
15.0
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$15.87
Investment Highlights
- Brand new 2026 upgraded construction Dollar General | 15-year corporate-backed absolute-net lease with 5% increases every five years.
- Situated along Blowing Rock Blvd (US Highway 321), a major commercial and thoroughfare corridor in Lenoir, providing excellent visibility and access with over 15,000 vehicles passing the site each day
- South of the site along Blowing Rock Road, there are multiple national tenants including Walmart, CVS, Wells Fargo, Longhorn Steakhouse, Zaxby's, AT&T, Taco Bell, Wendy's, Chipotle, and multiple other
- Lenoir, the county seat of Caldwell County. Lenoir is nicknamed "Where the High Country Begins." Lenoir offers access to outdoor recreation (e.g., Hibriten Mountain trails, Lenoir Greenway system with 5+ miles of paths, parks, golf, and proximity to the Blue Ridge Mountains).
- As of March 2025, Dollar General has 20,454 stores across 48 states.
- In 2024, Dollar General reported net sales of $40.6 billion, marking a 5.0% increase from the previous fiscal year.
- Dollar General continues its expansion strategy, aiming to open 590 new stores and remodel approximately 4,250 existing locations in fiscal 2025.
- Dollar General has been in business for 86 years | Dollar General ranks 111 on the Fortune 500 list for 2024
Investment Overview
Brand new 2026 upgraded construction Dollar General | 15-year corporate-backed absolute-net lease with 5% increases every five years.
Exclusively Listed By
Broker of Record
-
Charles Gallagher
Senior Director, Market Leader- Washington D.C./Virgina/Maryland
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