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Dollar General 8321 S Nc 55 Hwy 9,014 SF Retail Building Willow Spring, NC 27592 $1,318,000 ($146.22/SF) 7.50% Cap Rate
Investment Highlights
- Absolute net lease | Zero landlord responsibilities
- During the tenth year of the original 15-year lease term, Dollar General offered to extend the lease by an additional 5 years
- NCDOT widening underway | NC-55 expanding from two to four lanes at the site | Enhancing future access and traffic capacity
- Corporate lease | Dolgencorp, LLC | 20,388 locations across the U.S. | Investment grade credit | BBB / Baa3 | Nationally recognized brand
- Explosive population growth | 60.66% from ’20-’26 within a 1-mile radius
- Affluent surrounding area | $130,924 average household income within a 1-mile radius
Executive Summary
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Dollar General in Willow Spring, NC. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Year Built
2010
Price
$1,318,000
Price Per SF
$146.22
Cap Rate
7.50%
NOI
$98,880
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.44 AC
Zoning
Commercial
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0675.04-51-5131-000 | Improvements Assessment | $1,213,769 |
| Land Assessment | $382,262 | Total Assessment | $1,596,031 |
Property Taxes
Parcel Number
0675.04-51-5131-000
Land Assessment
$382,262
Improvements Assessment
$1,213,769
Total Assessment
$1,596,031
Contacts
-
Ransome Foose -
Carl Brendes -
Al Dickens -
Quinn O'Donnell -
Matt Sagehorn -
Berkeley Capital Advisors
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Dollar General | 8321 S Nc 55 Hwy
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