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Dollar General (NC)- 7.25% Cap 4045 Randleman Rd 9,330 SF Retail Building Greensboro, NC 27406 $1,650,868 ($176.94/SF) 7.25% Cap Rate
Investment Highlights
- Rare DG location with 68,000 people in 5 mile radius and 6.7 miles from downtown Greensboro NC
- 10% increases in each 5 year option period
- Greensboro NC is part of the "Piedmont Triad" and home to HondaJet, Boom Supersonic and Toyota's upcoming battery plant
- 10+ years left on absolute NNN lease
- Just south of I-85 and in the vicinity of several national retailers including: Lowe's, Walmart, Tractor Supply, Murphy USA, etc
Executive Summary
This Dollar General property is located at 4045 Randleman Rd in Greensboro, NC 27406. The property features a 9,002 square foot building on 1.74 acres with an absolute NNN lease that commenced on September 9, 2021 and expires on September 30, 2036. The property is offered at an asking price of $1,650,868 with a 7.25% cap rate and annual rental income of $119,688.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Building Size
9,330 SF
Building Class
B
Year Built
2021
Price
$1,650,868
Price Per SF
$176.94
Cap Rate
7.25%
NOI
$119,688
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.74 AC
Zoning
CZ-HB - Conditional Zoning – Highway Business
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Dollar General
- Retailer
- -
- -
- Sep 2036
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Dollar General | Retailer | - | - | Sep 2036 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0142778 | Improvements Assessment | $1,398,500 |
| Land Assessment | $225,000 | Total Assessment | $1,623,500 |
Property Taxes
Parcel Number
0142778
Land Assessment
$225,000
Improvements Assessment
$1,398,500
Total Assessment
$1,623,500
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Dollar General (NC)- 7.25% Cap | 4045 Randleman Rd
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