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Dollar General 6568 N NC Highway 16 9,100 SF Retail Building Conover, NC 28613 $808,000 ($88.79/SF) 8.50% Cap Rate
Investment Highlights
- Dollar General Has Operated At The Site For 20+ Years and Recently Extended the Lease For 5 Years
- Landlord Replaced 2 HVAC Units in 2025
- (2) Five-Year Options With Rental Increases
- Double Net Lease(NN) - Minimal Landlord Responsibilities
- Leased to Dollar General - NYSE:DG | Investment Grade Tenant S&P:BBB
- Over 21,500 People Within 5 Miles of Subject Property
Executive Summary
Dollar General Has Operated At The Site For 20+ Years and Recently Extended the Lease For 5 Years
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2004
Price
$808,000
Price Per SF
$88.79
Cap Rate
8.50%
NOI
$68,640
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.94 AC
Zoning
COM
Property Taxes
| Parcel Number | 3755010799220000 | Improvements Assessment | $636,800 |
| Land Assessment | $34,000 | Total Assessment | $670,800 |
Property Taxes
Parcel Number
3755010799220000
Land Assessment
$34,000
Improvements Assessment
$636,800
Total Assessment
$670,800
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Dollar General | 6568 N NC Highway 16
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