Discount
Dollar General PLUS | Upgraded Construction
2379 US-70, Morganton, NC 28655
Listing Price: $1,795,000
Cap Rate
6.85%
Tenant Name
Dollar General
Years Remaining On Lease
11.2
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$11.56
Investment Overview
DOLLAR GENERAL
• PUBLICLY TRADED COMPANY ON NYSE
• INVESTMENT GRADE CREDIT | BBB/STABLE ON STANDARD & POOR’S
• 20,000+ LOCATIONS IN 48 STATES
• $42.7 BILLION NET SALES FISCAL YEAR 2025
Investment Highlights
- NEWER 2022 CONSTRUCTION | 11+ YEARS REMAINING
- 10% RENTAL INCREASES EACH RENEWAL OPTION
- TRIPLE-NET (NNN) LEASE | NO LANDLORD EXPENSES
- 60,000+ POPULATION IN 10-MILE RADIUS
Exclusively Listed By
Broker of Record
-
Charles Gallagher
Senior Director, Market Leader- North Carolina
Listing Price: $1,795,000
Cap Rate
6.85%
Tenant Name
Dollar General
Years Remaining On Lease
11.2
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$11.56
Investment Highlights
- NEWER 2022 CONSTRUCTION | 11+ YEARS REMAINING
- 10% RENTAL INCREASES EACH RENEWAL OPTION
- TRIPLE-NET (NNN) LEASE | NO LANDLORD EXPENSES
- 60,000+ POPULATION IN 10-MILE RADIUS
Investment Overview
DOLLAR GENERAL • PUBLICLY TRADED COMPANY ON NYSE • INVESTMENT GRADE CREDIT | BBB/STABLE ON STANDARD & POOR’S • 20,000+ LOCATIONS IN 48 STATES • $42.7 BILLION NET SALES FISCAL YEAR 2025
Exclusively Listed By
Broker of Record
-
Charles Gallagher
Senior Director, Market Leader- North Carolina