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Dollar General 3770 Hub Mill Rd 9,002 SF Retail Building Elon, NC 27244 $1,275,000 ($141.64/SF) 7% Cap Rate
Investment Highlights
- Growing Trade Area: Elon, NC enjoys excellent regional connectivity to Burlington, Greensboro, and the broader Piedmont Triad
- Long-Term Lease Security: More than 10 years remaining on the initial term, plus five (5), 5-year renewal options
- Hands-Off Triple-Net Investment: True absolute NNN lease structure eliminates all landlord responsibilities, providing a fully passive ownership
- Strategically Positioned: Directly across from Altamahaw-Ossipee Elementary School (serving 600+ students), delivering consistent daily traffic
- Secure, Creditworthy Tenant: Backed by Dollar General’s corporate guarantee and investment-grade “BBB” credit rating (S&P)
- Essential Retailer with Resilient Model: Dollar General was classified as an essential retailer during the COVID-19 pandemic
Executive Summary
Broker of Record
Kyle Matthews
License # 288917, C38369 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # 288917, C38369 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,002 SF
Building Class
B
Year Built
2021
Price
$1,275,000
Price Per SF
$141.64
Cap Rate
7%
NOI
$89,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
2.65 AC
Parking
37 Spaces (4.11 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Property Taxes
| Parcel Number | 118551 | Improvements Assessment | $1,377,737 |
| Land Assessment | $72,020 | Total Assessment | $1,449,757 |
Property Taxes
Parcel Number
118551
Land Assessment
$72,020
Improvements Assessment
$1,377,737
Total Assessment
$1,449,757
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Dollar General | 3770 Hub Mill Rd
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