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687 Brock Rd
Raeford, NC 28376
Dollar General · Retail Property For Sale
Property Facts
About 687 BROCK RD , RAEFORD, NC 28376
Dollar General | Near Fort Bragg | Raeford, NC Fortis Net Lease is pleased to present this 9,100 SF Dollar General store located in Raeford, NC. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains Five(5) Yr. Options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of BBB , which is classified as Investment Grade. The rent is scheduled to commence on 5/5/2017. This Dollar General is highly visible and as it is strategically positioned in Raeford, NC. The five mile population from the site exceeds 56,100 while the three mile average household income exceeds $56,600 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a passive investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation' s top dollar store. List price reflects a 6.35% cap rate based on NOI of $102,628. North Carolina Broker of Record | James Wilson | Pulliam Properties, Inc. | #185498
Property Taxes
| Parcel Number | 494660201511 | Improvements Assessment | $898,400 |
| Land Assessment | $271,990 | Total Assessment | $1,170,390 |
Property Taxes
