Dollar General Market | New 15 Yr Abs NNN | 702 George St
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Dollar General Market | New 15 Yr Abs NNN 702 George St
12,668 SF Retail Building Goldsboro, NC 27530 $3,393,423 CAD ($268 CAD/SF) 6.65% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Scheduled Rental Increases | New Construction | Established Brand
- Strong Demographics in 5-Mile Trade Area
- Berkeley Mall (458,000+ SF) | Dense Retail Corridor | UNC Health Wayne (245 beds) | Goldsboro High School (470 students)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Hard Corner Intersection | Excellent Visibility & Access
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, Dollar General Market investment property located in Goldsboro, North Carolina. The tenant, Dollar General, recently signed a brand new 15 year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The newly-constructed building will feature a state-of-the-art design with high-quality materials. As of May 3, 2024, the Company has 20,149 Dollar General, DG Market, DGX and Popshelf stores across the United States providing everyday essentials.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
12,668 SF
Year Built
2024
Price
$3,393,423 CAD
Price Per SF
$268 CAD
Cap Rate
6.65%
NOI
$225,663 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.56
Lot Size
0.52 AC
Opportunity Zone
Yes
Zoning
GB - General Business & I-2 - General Industry
Parking
49 Spaces (3.87 Spaces per 1,000 SF Leased)
Nearby Major Retailers
1 of 6
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Dollar General Market | New 15 Yr Abs NNN | 702 George St
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