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Dollar General - 5.5 Yrs - Abs. NNN 2951 US Highway 220 9,100 SF Retail Building Madison, NC 27025 $1,321,863 ($145.26/SF) 7.35% Cap Rate
Investment Highlights
- 5.5 Years of Guaranteed Lease Term Remaining (Lease Exp: 10/31/2031)
- Absolute NNN Lease with ZERO Management Responsibilities
- Upgraded Construction | 4-Lane Highway | Traffic Counts of 26,133 Vehicles Per Day
- 2016 Build to Suit Construction | 9,100 SF Building on 8.22 Acre Parcel
- 4-Lane Highway | Traffic Counts of 26,133 Vehicles Per Day
- 21 Miles to Greensboro, NC; 26 Miles to Winston-Salem, NC; 76 Miles to Durham, NC; 98 Miles to Raleigh, NC; 111 Miles to Charlotte, NC
Executive Summary
Schuchert Retail Group and Wayne Troxler (Guilford Realty Group Inc.) are pleased to exclusively present for sale the 9,100 SF Dollar General located at 2951 US Hwy 220, Madison, NC 27025.
In Conjunction With: Wayne Troxler (Guilford Realty Group Inc.)
NC License #110069
In Conjunction With: Wayne Troxler (Guilford Realty Group Inc.)
NC License #110069
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
9,100 SF
Building Class
B
Year Built
2016
Price
$1,321,863
Price Per SF
$145.26
Cap Rate
7.35%
NOI
$97,157
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
8.22 AC
Zoning
RES AG HWY
Parking
37 Spaces (4.07 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Oct 2031
Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business started by J.L. Turner and Cal Turner Sr., and the first Dollar General store opened in the mid-1950s. The company operates a discount retail model through Dollar General, DG Market, DGX, and pOpshelf formats, serving customers with food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, seasonal décor, private brands, and national labels. Dollar General supports online shopping and positions itself around affordable everyday goods and community-focused services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Oct 2031 |
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
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