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Dollar General

114 Whitney Ln, Statesville, NC 28625

Listing Price: $2,411,000

Cap Rate
4.60%
Tenant Name
Dollar General
Years Remaining On Lease
14.6
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$10.42

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.

Investment Highlights

  • The site sits just off Interstate 40 which sees over 40,000 Cars Per Day | Convenient location for residents headed both to and home from work
  • Statesville is 40 miles north of Charlotte | Charlotte is the 16th most populous city in the US
  • Dollar General's Newest 10,640 SF Prototype | Larger format to accommodate higher anticipated store volume

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Discount

Dollar General

Listing Price: $2,411,000

Cap Rate
4.60%
Tenant Name
Dollar General
Years Remaining On Lease
14.6
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Absolute Net
Rent Per Square Feet
$10.42

Investment Highlights

  • The site sits just off Interstate 40 which sees over 40,000 Cars Per Day | Convenient location for residents headed both to and home from work
  • Statesville is 40 miles north of Charlotte | Charlotte is the 16th most populous city in the US
  • Dollar General's Newest 10,640 SF Prototype | Larger format to accommodate higher anticipated store volume

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.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

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