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304 Central Ave
Butner, NC 27509
Dollar General · Retail Property For Sale
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
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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