Historical Retail Sale Listing - Dollar General - Near Raleigh, NC

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Dollar General - Near Raleigh, NC

6934 Plainview Hwy, Dunn, NC 28334

N/A

9,014 SF | Retail

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Not Actual Building

Retail Property - Off Market

Price:
N/A
Building Size:
9,014 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Additional Sub-types:
Retail (Other)
Strip Center
Neighborhood Center
Property Use Type:
Investment
Cap Rate:
7.75%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
2007
Lot Size:
41,761 SF
Listing ID
15030841
Last Updated
over 1 year ago

Highlights

  • 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

Description

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.

Map of 6934 Plainview Hwy, Dunn, NC 28334 (Harnett County)

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