24148 Nc 73 Hwy
Albemarle, NC 28001
Dollar General (15-Year NNN) · Retail Property For Sale

Marcus & Millichap is pleased to present for sale, a new construction, freestanding Dollar General in Albemarle, North Carolina (Charlotte MSA). The 15-year lease is Triple-Net (NNN) in which the tenant is responsible for all expenses including roof and structure. The building is 9,100 square feet and sits on 1.79 +/- acres. Rent is expected to commence November 15, 2016. The lease features ten percent rental increases in each option period (5/5 year options). Dollar General is rated BBB (investment grade) by Standard & Poor' s, which allows investors to place attractive financing on the property if desired. Dollar General is publicly traded (NYSE: DG) and operates over 12,400 locations nationwide with a net worth of more than $4.0 Billion. The subject property is located 25 miles from Charlotte, NC. Within 1 mile of the property traffic drivers include Millingport Elementary School (300 Students), a Marathon Gas Station, The Millingport Fire Department, and the Salem Methodist Church. Nearby Traffic counts are approximately 5,438 vehicles per day. This Dollar General will provide necessity based goods in an under served area and will benefit from limited competition. The nearest Dollar Store is approximately 6 miles away.