Dollar General | Near Peidmont Triad | 103 N Cherry St
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Dollar General | Near Peidmont Triad 103 N Cherry St
10,640 SF Office Building Wilkesboro, NC 28697 $2,370,010 CAD ($223 CAD/SF) 6.75% Cap Rate
Executive Summary
2023 UPGRADED CONSTRUCTION NC DOLLAR GENERAL
• 10,640 SF upgraded construction Dollar General located in Wilkesboro, NC.
• This store opened and rent commenced in May 2023.
WILKESBORO, NC | COUNTY SEAT OF WILKES COUNTY
• This Dollar General is located directly across the street from Tyson Foods poultry processing plant; it is one of the largest poultry plants east of the Mississippi River.
• Wilkes Community College is less than 1 mile from this Dollar General and has over 4,600 students enrolled.
• A 435,000 SF Lowe’s distribution center is located in Wilkesboro and employees 2,000 people at this center. 2 MILES FROM MAIN RETAIL CORRDIOR IN WILKESBORO
• This Dollar General is strategically positioned 2 miles from the main retail pocket in Wilkesboro.
• National Retailers include Lowe’s Foods, Lowe’s Home Improvement, ALDI, Goodwill, Kohl’s and more.
NEAR TRIAD REGION OF NC (GREENSBORO - HIGH POINT - WINSTON SALEM)
• This Dollar General is located 50 minutes west of downtown Winston-Salem and the Piedmont Triad off Hwy 421 (28,000 VPD).
• The Triad is known as one of the primary manufacturing and transportation hubs of the southeastern U.S. and includes Greensboro, Winston-Salem and Highpoint, NC.
• The Piedmont Triad has an estimated population of 1,611,243 making it the 33rd largest combined statistical area in the United States
• There are more than 20 Colleges and Universities within the Triad including Wake Forest
• University, Elon University, and High Point University. These schools have a combined student count of 20,000.
14-YEAR CORPORATE NNN LEASE
• There are 14 years remaining on the 15 year corporate guaranteed NNN lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure.
• There are 10% rent increases in each of the Five, 5-year option periods.
INVESTMENT GRADE TENANT (S&P: BBB)
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 20,000 locations and plans to open 800 stores in 2024.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.
• 10,640 SF upgraded construction Dollar General located in Wilkesboro, NC.
• This store opened and rent commenced in May 2023.
WILKESBORO, NC | COUNTY SEAT OF WILKES COUNTY
• This Dollar General is located directly across the street from Tyson Foods poultry processing plant; it is one of the largest poultry plants east of the Mississippi River.
• Wilkes Community College is less than 1 mile from this Dollar General and has over 4,600 students enrolled.
• A 435,000 SF Lowe’s distribution center is located in Wilkesboro and employees 2,000 people at this center. 2 MILES FROM MAIN RETAIL CORRDIOR IN WILKESBORO
• This Dollar General is strategically positioned 2 miles from the main retail pocket in Wilkesboro.
• National Retailers include Lowe’s Foods, Lowe’s Home Improvement, ALDI, Goodwill, Kohl’s and more.
NEAR TRIAD REGION OF NC (GREENSBORO - HIGH POINT - WINSTON SALEM)
• This Dollar General is located 50 minutes west of downtown Winston-Salem and the Piedmont Triad off Hwy 421 (28,000 VPD).
• The Triad is known as one of the primary manufacturing and transportation hubs of the southeastern U.S. and includes Greensboro, Winston-Salem and Highpoint, NC.
• The Piedmont Triad has an estimated population of 1,611,243 making it the 33rd largest combined statistical area in the United States
• There are more than 20 Colleges and Universities within the Triad including Wake Forest
• University, Elon University, and High Point University. These schools have a combined student count of 20,000.
14-YEAR CORPORATE NNN LEASE
• There are 14 years remaining on the 15 year corporate guaranteed NNN lease with Dollar General.
• Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure.
• There are 10% rent increases in each of the Five, 5-year option periods.
INVESTMENT GRADE TENANT (S&P: BBB)
• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.
• Currently over 20,000 locations and plans to open 800 stores in 2024.
• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
10,640 SF
Building Class
C
Year Built
2023
Price
$2,370,010 CAD
Price Per SF
$223 CAD
Cap Rate
6.75%
NOI
$159,908 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,640 SF
Building FAR
0.19
Lot Size
1.26 AC
Opportunity Zone
Yes
Zoning
Industrial
Parking
44 Spaces (4.14 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 2206140 | Improvements Assessment | $689,571 CAD |
| Land Assessment | $131,794 CAD | Total Assessment | $821,365 CAD |
PROPERTY TAXES
Parcel Number
2206140
Land Assessment
$131,794 CAD
Improvements Assessment
$689,571 CAD
Total Assessment
$821,365 CAD
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Dollar General | Near Peidmont Triad | 103 N Cherry St
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