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Dollar General 911 Union Rd 9,100 SF Retail Building Gastonia, NC 28054 $1,545,844 ($169.87/SF) 6.75% Cap Rate



Investment Highlights
- 2011 build-to-suit construction for Dollar General
- Absolute NNN lease with zero management responsibility
- Proven location and market – Dollar General exercised their first renewal option with no landlord concessions
- Premium construction building with no metal sides (exterior is EFIS and Brick)
- Corporately guaranteed lease from Dollar General Corporation
- Traffic counts on Union Rd exceed 20,000 vehicles daily
Executive Summary
Name
Gerard Hamas
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # C42113, 362768 (NC)
Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Phone
(866) 889-0550
Gerard Hamas
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # C42113, 362768 (NC)
Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Phone
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,100 SF
Building Class
B
Year Built
2011
Price
$1,545,844
Price Per SF
$169.87
Cap Rate
6.75%
NOI
$104,334
Tenancy
Single
Building Height
1 Story
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 111127 | Improvements Assessment | $685,740 |
| Land Assessment | $310,790 | Total Assessment | $996,530 |
Property Taxes
Parcel Number
111127
Land Assessment
$310,790
Improvements Assessment
$685,740
Total Assessment
$996,530
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Dollar General | 911 Union Rd
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