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Dollar General 2241 Indian Springs Rd 10,640 SF Retail Building Dudley, NC 28333 $1,985,000 ($186.56/SF) 6.65% Cap Rate
Investment Highlights
- NEW CONSTRUCTION
- RETAIL & INDUSTRIAL DEMAND DRIVERS
- STRATEGIC POSITIONING
Executive Summary
ATTRACTIVE LEASE FUNDAMENTALS
- Absolute NNN lease providing zero landlord responsibilities
- 5% rental increases in year 5, 10, and in option periods, providing a strong inflation hedge
STRONG CORPORATE GUARANTY
- Dollar General was ranked #91 on the Fortune 500 2021 list
- Over 19K locations in 46 states
- 75% of Americans live within 5 minutes of a Dollar General
NEW CONSTRUCTION
- Delivered to Dollar General’s current prototype
- Demolition of obsolete structures and site work improvements
- Dollar General Warranties will transfer to new owner
STRATEGIC POSITIONING
- US-117 carries 23,000+ VPD just north in Goldsboro and links to I-795, providing direct access to Wilson and the Raleigh-Durham area
- The site captures both commuter inflow and regional retail draw from surrounding rural communities
- Within a 10-mile radius, the trade area has grown 7.4% in population since 2010, with continued in-migration driven by affordability and proximity to major employment centers
RETAIL & INDUSTRIAL DEMAND DRIVERS
- Wayne County’s industrial market is expanding fueled by manufacturing, logistics, and defense contractors supporting the air force base
- Dollar stores outperform in rural NC with double digit same-store sales growth across similar markets
- The county is projected to add 1,500+ new jobs by 2027
MSA ECONOMIC STABILITY & GROWTH
- Part of Goldsboro MSA which has experienced six consecutive years of positive GDP expansion reaching $4.1B+ in total economic output
- Wayne County unemployment remains stable at 4.3% outperforming many eastern NC market peers
- Supported by Seymour Johnson Air Force Base (5,500+ active duty) & AHHI rising steadily with median household income up 12% since 2018
- Absolute NNN lease providing zero landlord responsibilities
- 5% rental increases in year 5, 10, and in option periods, providing a strong inflation hedge
STRONG CORPORATE GUARANTY
- Dollar General was ranked #91 on the Fortune 500 2021 list
- Over 19K locations in 46 states
- 75% of Americans live within 5 minutes of a Dollar General
NEW CONSTRUCTION
- Delivered to Dollar General’s current prototype
- Demolition of obsolete structures and site work improvements
- Dollar General Warranties will transfer to new owner
STRATEGIC POSITIONING
- US-117 carries 23,000+ VPD just north in Goldsboro and links to I-795, providing direct access to Wilson and the Raleigh-Durham area
- The site captures both commuter inflow and regional retail draw from surrounding rural communities
- Within a 10-mile radius, the trade area has grown 7.4% in population since 2010, with continued in-migration driven by affordability and proximity to major employment centers
RETAIL & INDUSTRIAL DEMAND DRIVERS
- Wayne County’s industrial market is expanding fueled by manufacturing, logistics, and defense contractors supporting the air force base
- Dollar stores outperform in rural NC with double digit same-store sales growth across similar markets
- The county is projected to add 1,500+ new jobs by 2027
MSA ECONOMIC STABILITY & GROWTH
- Part of Goldsboro MSA which has experienced six consecutive years of positive GDP expansion reaching $4.1B+ in total economic output
- Wayne County unemployment remains stable at 4.3% outperforming many eastern NC market peers
- Supported by Seymour Johnson Air Force Base (5,500+ active duty) & AHHI rising steadily with median household income up 12% since 2018
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,640 SF
Building Class
B
Year Built
2025
Price
$1,985,000
Price Per SF
$186.56
Cap Rate
6.65%
NOI
$131,988
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.98 AC
Zoning
GC - General Commercial
Parking
35 Spaces (3.29 Spaces per 1,000 SF Leased)
Frontage
920’ on Emmaus Church Road
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 10,640 SF
- -
- Triple Net
- Feb 2040
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 10,640 SF | - | Triple Net | Feb 2040 |
Property Taxes
| Parcel Number | 3503292633 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $69,720 |
Property Taxes
Parcel Number
3503292633
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$69,720
Contacts
-
David Hoppe -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
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Dollar General | 2241 Indian Springs Rd
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