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Dollar General - Spring Lake

5545 Ray Rd, Spring Lake, NC 28390

Listing Price: $2,516,716

Cap Rate
4.75%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$1.09

Investment Overview

Dollar General (NYSE: DG) is a chain of more than 17,200 discount stores in 46 states, and 143,000 employees, located primarily in the South, East, Midwest, and Southwest, offering basic household items, such as cleaning supplies, health, and beauty aids, apparel, and food. The target is low, middle, and fixed-income shoppers. One of Dollar General’s main advantages is that it offers prices as low or lower than Walmart but in more convenient locations. Fortune 500 recognized Dollar General in 1999 and in 2020 reached #112. Dollar General has grown to become one of the most profitable stores in the rural United States with revenue reaching around $33.75 billion in 2020. Dollar General also has 17 distribution centers in 16 states. Since 2017, DG has opened stores in North Dakota, Wyoming and Washington. As of early 2020, DG does not have stores in four states: Alaska, Hawaii, Idaho and Montana. By the end of its 2019 fiscal year, Dollar General offered its produce assortments in more than 650 stores, with plans to expand its produce offerings to an additional 400 stores in FY 2020.

Investment Highlights

  • Spring Lake is an up-scale suburb just North of Fayetteville | Family oriented community with an assortment of outdoor activities including Kayaking, Hiking, and Biking
  • Directly across the street from the site sits the exclusive Anderson Creek Club (1,150+ Homes) | Just South-East, Anderson Creek Crossing (215 Homes)
  • Just to the south Is Fort Bragg (Serving 545,000 active duty soldiers) and Pope Army Airfield (2,100 active-duty members)

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Discount

Dollar General - Spring Lake

Listing Price: $2,516,716

Cap Rate
4.75%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$1.09

Investment Highlights

  • Spring Lake is an up-scale suburb just North of Fayetteville | Family oriented community with an assortment of outdoor activities including Kayaking, Hiking, and Biking
  • Directly across the street from the site sits the exclusive Anderson Creek Club (1,150+ Homes) | Just South-East, Anderson Creek Crossing (215 Homes)
  • Just to the south Is Fort Bragg (Serving 545,000 active duty soldiers) and Pope Army Airfield (2,100 active-duty members)

Investment Overview

Dollar General (NYSE: DG) is a chain of more than 17,200 discount stores in 46 states, and 143,000 employees, located primarily in the South, East, Midwest, and Southwest, offering basic household items, such as cleaning supplies, health, and beauty aids, apparel, and food. The target is low, middle, and fixed-income shoppers. One of Dollar General’s main advantages is that it offers prices as low or lower than Walmart but in more convenient locations. Fortune 500 recognized Dollar General in 1999 and in 2020 reached #112. Dollar General has grown to become one of the most profitable stores in the rural United States with revenue reaching around $33.75 billion in 2020. Dollar General also has 17 distribution centers in 16 states. Since 2017, DG has opened stores in North Dakota, Wyoming and Washington. As of early 2020, DG does not have stores in four states: Alaska, Hawaii, Idaho and Montana. By the end of its 2019 fiscal year, Dollar General offered its produce assortments in more than 650 stores, with plans to expand its produce offerings to an additional 400 stores in FY 2020.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

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