Dollar General | New 15yr Corp Abs NNN | NEC. Indian Springs Road and Emmaus Church Road
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Dollar General | New 15yr Corp Abs NNN NEC. Indian Springs Road and Emmaus Church Road
10,640 SF Retail Building Dudley, NC 28333 $2,813,678 CAD ($264 CAD/SF) 6.65% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Scheduled Rental Increases | New Construction | Established Brand
- Along Indian Springs Rd | Limited Nearby Competition
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
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 investment property located in Dudley, 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
10,640 SF
Year Built
2024
Construction Status
Under Construction
Price
$2,813,678 CAD
Price Per SF
$264 CAD
Cap Rate
6.65%
NOI
$187,089 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.98 AC
Zoning
General Commercial
Parking
35 Spaces (3.29 Spaces per 1,000 SF Leased)
Frontage
920 ft on Emmaus Church Road
Amenities
- Signage
1 of 6
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Dollar General | New 15yr Corp Abs NNN | NEC. Indian Springs Road and Emmaus Church Road
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