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Dollar General: South Mills, NC 103 Culpepper Rd 10,678 SF Retail Building South Mills, NC 27976 $1,948,622 ($182.49/SF) 6.75% Cap Rate
Investment Highlights
- 2024 Construction
- 5% Rent Increases Every 5 Years
- NNN Lease with Corporate Guaranty from Dollar General Corporation
Executive Summary
CBRE is pleased to exclusively offer for sale the 10,678-square-foot Dollar General situated on 1.84 acres in South Mills, NC - a component of the Virginia Beach-Chesapeake-Norfolk, VA-NC MSA. Built in 2024, Dollar General's NNN lease features a corporate guaranty from Dollar General Corporation and ±13.6 years of primary term remaining with a 5% rent increase every 5 years throughout the initial term and in each of the five, 5-year renewal options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,678 SF
Building Class
C
Year Built
2024
Price
$1,948,622
Price Per SF
$182.49
Cap Rate
6.75%
NOI
$131,532
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.84 AC
Zoning
HC - Highway Commercial
Frontage
134’ on State Road 1233
Amenities
- Freeway Visibility
- Signage
Property Taxes
| Parcel Number | 01.7080.00.07.3293.0000 | Improvements Assessment | $0 |
| Land Assessment | $352,800 | Total Assessment | $352,800 |
Property Taxes
Parcel Number
01.7080.00.07.3293.0000
Land Assessment
$352,800
Improvements Assessment
$0
Total Assessment
$352,800
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Dollar General: South Mills, NC | 103 Culpepper Rd
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