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Dollar General 8547 N Highway 150 9,020 SF Retail Building Clemmons, NC 27012 $1,276,000 ($141.46/SF) 6.65% Cap Rate
Investment Highlights
- RECENT RENEWAL
- ALL NEW HVAC UNITS
Executive Summary
Just renewed- Dollar General in Clemmons, NC (Winston-Salem MSA). Recently renewed NN Lease with corporate guarantor with minimal landlord responsibilities. Dollar General reimburses taxes and insurance and pays monthly CAM. Investment grade tenant with a S&P rating of BBB. Dollar General 2024 net sales +5%. Over 40,000 people in a 5 mile radius with average household income of $106,000.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,020 SF
Building Class
C
Year Built
2005
Price
$1,276,000
Price Per SF
$141.46
Cap Rate
6.65%
NOI
$84,850
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.58 AC
Zoning
HC - Highway Business
Parking
54 Spaces (5.99 Spaces per 1,000 SF Leased)
Frontage
172’ on N Highway 150
Amenities
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- $8.04
- Double Net
- Jul 2015
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 Type | Lease End | |
|
|
Retailer | - | $8.04 | Double Net | Jul 2015 |
Property Taxes
| Parcel Number | 03-014-0-000-0005-E-0-0 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,190,600 |
Property Taxes
Parcel Number
03-014-0-000-0005-E-0-0
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,190,600
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Dollar General | 8547 N Highway 150
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