This property is Off-Market
6934 Plainview Hwy
Dunn, NC 28334 ·
9,014 SF · Retail For Sale
Dollar General - Near Raleigh, NC
|Building Size||9,014 SF||No. Stories||1|
Free Standing BldgMore...
|Property Use Type||Investment||Lot Size||41,761 SF|
|Listing ID: 15030841||Date Created: 03/06/2007||Last Updated: 11/16/2007|
This property is an ideal 1031 Exchange candidate. Credit tenant Dollar General (NYSE: DG) will occupy this new 9,014 SF freestanding building located in Dunn, NC, just 40 miles south of Raleigh. A new 10-year lease will commence upon completion of the building with a rent increase in year 6. With this agreement, the landlord is fully reimbursed for taxes, insurance and snow removal, in addition to receiving fixed monthly payments with increases, for parking lot and exterior maintenance. There are 4 renewal options with 10% increases on each. Dollar General is the largest general merchandise discount chain in the US with over 8,000 stores in 32 states, a $1.7 billion net worth along with a BB+ credit rating by Standard and Poors.
Dunn is a city located in Harnett County, North Carolina, just 40 miles south of Raleigh. It is situated along Interstate 95, the busiest arterial highway between New York and Florida. Conveniently located in the heart of North Carolina, Dunn is an hour's drive from the golfing mecca of Pinehurst and less than two hours from the championship courses at Myrtle Beach, SC. It is home to two bible colleges, Heritage and Foundations, and 12 other colleges within an hour' s drive.
- Rent Increase in Year 6
- New 10-Year Lease with Credit Tenant
- New Construction - May 2007
- 40 Miles South of Raleigh
- Low Management Requirements
- Largest of Five Towns in Harnett County
6934 Plainview Hwy, Dunn, NC 28334 (Harnett County)
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