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Dollar General 304 Central Ave 9,100 SF Retail Building Butner, NC 27509 $824,320 ($90.58/SF) 7.50% Cap Rate
Investment Highlights
- Approximately 5.25 Years of Guaranteed Lease Term Remaining (Lease Exp: 09/30/2031)
- Landlord Responsibilities Limited to Roof, Structure, HVAC and Parking Lot
- Butner is Located Approximately: 15 Miles to Durham, NC; 28 Miles from Raleigh, NC; and 66 Miles from Greensboro, NC
- 2006 Construction - Build-to-Suit Dollar General
- Tenant Pays $525.82 Per Month ($6,309.84 Per Year) for Parking Lot Maintenance Expenses
- 7-Mile Demographics: 28,213 Residents | $129,506 Average Household Income
Executive Summary
Schuchert Retail Group is pleased to exclusively present for sale the 9,100 SF Dollar General located at 304 Central Ave, Butner, NC 27509.
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
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2006
Price
$824,320
Price Per SF
$90.58
Cap Rate
7.50%
NOI
$61,824
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.88 AC
Zoning
Commercial
Parking
30 Spaces (3.3 Spaces per 1,000 SF Leased)
Frontage
150’ on Central Ave
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Sep 2031
Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business created by J.L. Turner and Cal Turner. The company later evolved into a discount retailer and now focuses on everyday essentials, including food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor, alongside private brands and well-known national brands. Dollar General also operates DG Market, DGX, and pOpshelf formats in the United States and Mi Súper Dollar General stores in Mexico, while continuing to build a broad convenience-oriented general merchandise business.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Sep 2031 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 087605175802 | Improvements Assessment | $94,549 |
| Land Assessment | $205,200 | Total Assessment | $299,749 |
Property Taxes
Parcel Number
087605175802
Land Assessment
$205,200
Improvements Assessment
$94,549
Total Assessment
$299,749
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