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Dollar General Market | Rocky Point, NC Hwy 210 & Little Kelly Road 12,687 SF Retail Building Rocky Point, NC 28457 $2,826,000 ($222.75/SF) 6.50% Cap Rate
Investment Highlights
- Brand new construction Dollar General Market delivering in July | 15-Year Absolute Net lease with 5% increases every five years.
- The site has multiple residential communities in close proximity and is down the street from Cape Fear Elementary School (478 Students) and Cape Fear
- Rocky Point is poised for growth starting with the Lanes Ferry Landing development which has a total of 2,695 new residential units planned.
- Rocky Point is a short drive from Wrightsville Beach and Wilmington, offering more affordable home prices compared to those areas.
- Pender County has announced their “Imagine Pender 2050” vision which anticipates Pender County to nearly double in size by 2050 to over 120k residents
- In 2024, Dollar General reported net sales of $40.6 billion, marking a 5.0% increase from the previous fiscal year.
Executive Summary
The subject property is a Dollar General Market delivering in July, 2025, in Rocky Point, North Carolina.
Dollar General Market signed a fifteen-year absolute triple net lease with 5% increases in each of the five, five-year options. Dollar General (NYSE: DG), a publicly traded company with an investment grade credit rating of “BBB” by Standard & Poor’s, has an annual revenue north of $40.16 billion.
Dollar General Market signed a fifteen-year absolute triple net lease with 5% increases in each of the five, five-year options. Dollar General (NYSE: DG), a publicly traded company with an investment grade credit rating of “BBB” by Standard & Poor’s, has an annual revenue north of $40.16 billion.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
12,687 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$2,826,000
Price Per SF
$222.75
Cap Rate
6.50%
NOI
$183,684
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
2.84 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Frontage
211’ on State Highway 210
Amenities
- Signage
1 of 3
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Dollar General Market | Rocky Point, NC | Hwy 210 & Little Kelly Road
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