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Dollar General 3482 Cumberland rd 10,640 SF Retail Building Fayetteville, NC 28306 $2,375,000 ($223.21/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- RECENT INVESTMENT IN FAYETTEVILLE, NC
- ATTRACTIVE LEASE FUNDAMENTALS
- FORT BRAGG AND OTHER LARGE EMPLOYERS NEARBY
EXECUTIVE SUMMARY
ATTRACTIVE LEASE FUNDAMENTALS
- Absolute NNN lease providing zero landlord responsibilities
- 5% rental increases in year 6 & 11 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
LOCATED IN A DENSE RETAIL NODE
- Located within a 1-mile radius of the site is more than 453K SF of retail space
- Nearby national retailers include: Walmart Neighborhood Market, Walmart Supercenter, Lowe’s Home Improvement, and more
FORT BRAGG AND OTHER LARGE EMPLOYERS NEARBY
- Fort Bragg is the largest US Army installation by population (43,400 active duty, 11,000 DoD civilians, 5,400 Contractors) with an annual economic impact of $8.8B in the region
- The Fort Bragg Campus spans over 251 square miles over four counties
- Flagship Cape Fear Valley Medical Center (7,000 employees)
RECENT INVESTMENT IN FAYETTEVILLE, NC
- American Titanium Metal LLC is investing $870 Million dollars into a new facility to make aerospace-grade titanium
- This plant will add more than 815 jobs to the greater Fayetteville area and have a huge economic impact
- Absolute NNN lease providing zero landlord responsibilities
- 5% rental increases in year 6 & 11 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
LOCATED IN A DENSE RETAIL NODE
- Located within a 1-mile radius of the site is more than 453K SF of retail space
- Nearby national retailers include: Walmart Neighborhood Market, Walmart Supercenter, Lowe’s Home Improvement, and more
FORT BRAGG AND OTHER LARGE EMPLOYERS NEARBY
- Fort Bragg is the largest US Army installation by population (43,400 active duty, 11,000 DoD civilians, 5,400 Contractors) with an annual economic impact of $8.8B in the region
- The Fort Bragg Campus spans over 251 square miles over four counties
- Flagship Cape Fear Valley Medical Center (7,000 employees)
RECENT INVESTMENT IN FAYETTEVILLE, NC
- American Titanium Metal LLC is investing $870 Million dollars into a new facility to make aerospace-grade titanium
- This plant will add more than 815 jobs to the greater Fayetteville area and have a huge economic impact
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
10,640 SF
Building Class
B
Year Built
2025
Price
$2,375,000
Price Per SF
$223.21
Cap Rate
6.50%
NOI
$154,392
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.52 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Dollar General
- Retailer
- 10,640 SF
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Dollar General | Retailer | 10,640 SF | - | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0416-90-9485 | Improvements Assessment | $0 |
| Land Assessment | $44,620 | Total Assessment | $44,620 |
PROPERTY TAXES
Parcel Number
0416-90-9485
Land Assessment
$44,620
Improvements Assessment
$0
Total Assessment
$44,620
CONTACTS
-
David Hoppe -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
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Dollar General | 3482 Cumberland rd
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