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Dash-In | Greensboro, NC MSA 1137 S Main St 5,697 SF Retail Building Graham, NC 27253 $4,922,000 ($863.96/SF) 5.50% Cap Rate
Investment Highlights
- SIGNIFICANT NEW HOUSING DEVELOPMENT IN THE TRADE ARE
- EXPANDING GREENSBORO MSA DRIVING REGIONAL DEMAND
- STRONG CONNECTIVITY AND INFRASTRUCTURE DEVELOPMENT
Executive Summary
LONG-TERM ABS. NNN GROUND LEASE
- Newly executed 20-year lease with five (5) renewal options, providing zero landlord responsibilities
- Built in rent escalations of 10% every 5-years
CORPORATE GUARANTEE
- Guaranteed by Dash In Food Stores Inc a wholly owned subsidiary of The Wills Group Inc which operates more than 55 Dash Ins and 300 other fueling locations
- Reported $1.1B in annual revenue in 2024
STRONG CONNECTIVITY AND INFRASTRUCTURE DEVELOPMENT
- Site benefits from direct exposure to I-40/I-85 corridor which carry peak traffic volumes of 134,000 VPD near exit 143 in Alamance County 1-mile from I-40 where traffic counts reach 126,000 VPD
- The region is undergoing infrastructure upgrades including I-85 expansion at I-40/I-85 interchange
GRAHAM RETAIL CORRIDOR
- Sits is within rapidly growing Alamance County corridor
- 2.3% YoY population growth and rising AHHI for the past 15 years
- Retail vacancy below 4%
- County retail inventory exceeds 300,000 SF
SIGNIFICANT NEW HOUSING DEVELOPMENT IN THE TRADE ARE
- City of Graham reported a 34% population growth over the past 20 years
- 60-unit senior housing apartment adjacent to site (S Main St) on a 3.29-acre parcel proposed
- Across Alamance County there are 89 new-home communities under development
EXPANDING GREENSBORO MSA DRIVING REGIONAL DEMAND
- Greensboro-High Point MSA is home to approx. 780,000 residents
- Median HHI in the MSA reached $63,083 in 2023 up 5.9% YoY
- In 2024 the regions real GDP was $56.2 Bn
- Forecasts of the broader Triad region project 2.6% population growth over the next five years
- Newly executed 20-year lease with five (5) renewal options, providing zero landlord responsibilities
- Built in rent escalations of 10% every 5-years
CORPORATE GUARANTEE
- Guaranteed by Dash In Food Stores Inc a wholly owned subsidiary of The Wills Group Inc which operates more than 55 Dash Ins and 300 other fueling locations
- Reported $1.1B in annual revenue in 2024
STRONG CONNECTIVITY AND INFRASTRUCTURE DEVELOPMENT
- Site benefits from direct exposure to I-40/I-85 corridor which carry peak traffic volumes of 134,000 VPD near exit 143 in Alamance County 1-mile from I-40 where traffic counts reach 126,000 VPD
- The region is undergoing infrastructure upgrades including I-85 expansion at I-40/I-85 interchange
GRAHAM RETAIL CORRIDOR
- Sits is within rapidly growing Alamance County corridor
- 2.3% YoY population growth and rising AHHI for the past 15 years
- Retail vacancy below 4%
- County retail inventory exceeds 300,000 SF
SIGNIFICANT NEW HOUSING DEVELOPMENT IN THE TRADE ARE
- City of Graham reported a 34% population growth over the past 20 years
- 60-unit senior housing apartment adjacent to site (S Main St) on a 3.29-acre parcel proposed
- Across Alamance County there are 89 new-home communities under development
EXPANDING GREENSBORO MSA DRIVING REGIONAL DEMAND
- Greensboro-High Point MSA is home to approx. 780,000 residents
- Median HHI in the MSA reached $63,083 in 2023 up 5.9% YoY
- In 2024 the regions real GDP was $56.2 Bn
- Forecasts of the broader Triad region project 2.6% population growth over the next five years
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
5,697 SF
Year Built
2026
Price
$4,922,000
Price Per SF
$863.96
Cap Rate
5.50%
NOI
$270,735
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
3.25 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Dash-In
- Retailer
- 5,697 SF
- -
- Jun 2046
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Dash-In | Retailer | 5,697 SF | - | Jun 2046 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 144169 | Improvements Assessment | $0 |
| Land Assessment | $62,500 | Total Assessment | $62,500 |
Property Taxes
Parcel Number
144169
Land Assessment
$62,500
Improvements Assessment
$0
Total Assessment
$62,500
Contacts
-
David Hoppe -
Ben Olmstead -
Mike Lucier -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
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Dash-In | Greensboro, NC MSA | 1137 S Main St
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