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Dollar General Market | New 14yr Corp Abs NNN 1006 Main St

12,687 SF Retail Building Maysville, NC 28555 $2,187,000 ($172/SF) 6.65% Cap Rate

Retail Buildings North Carolina Maysville 1006 Main St, Maysville, NC 28555

Investment Highlights

  • Brand New 15-Year Lease | Scheduled Rental Increases | Established Brand | Relocation Store
  • Located Along Main St. (14,000 VPD) | Strong National/Credit Tenant Presence
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strong Demographics in 5-Mile Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, Dollar General investment property located in Maysville, North Carolina. The tenant, Dollar General, recently signed a brand new 15 year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The newly-constructed building will feature a state-of-the-art design with high-quality materials. As of May 3, 2024, the Company has 20,149 Dollar General, DG Market, DGX and Popshelf stores across the United States providing everyday essentials.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,687 SF
Building Class
C
Year Built
2024
Price
$2,187,000
Price Per SF
$172
Cap Rate
6.65%
NOI
$145,452
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.61 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C-1 - Commercial
Parking
48 Spaces (3.78 Spaces per 1,000 SF Leased)
Frontage
84 FT on Main Street

Amenities

  • Signage

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

At Dollar General, their actions are guided by a simple mission: Serving Others. For their customers, this means placing them at the center of all they do, working every day to deliver value and convenience through their neighborhood general stores. For their employees, this means respect and the opportunity to grow and develop their careers, and for their communities, this means helping support the communities they call home. They strive to make shopping hassle-free and affordable with easy-to-shop stores. Their stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum Jan 0000

Links

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Nearby Major Retailers

Hwy 55 Burgers Shakes & Fries
Piggly Wiggly
First Citizens Bank

PROPERTY TAXES

Parcel Number 5422-92-9830 Improvements Assessment $0
Land Assessment $0 Total Assessment $612,230

PROPERTY TAXES

Parcel Number
5422-92-9830
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$612,230
(480) 221-4221

Contacts

  • Listing ID: 33613614

  • Date on Market: 10/23/2024

  • Last Updated:

  • Address: 1006 Main St, Maysville, NC 28555

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Dollar General Market | New 14yr Corp Abs NNN | 1006 Main St
(480) 221-4221 x

Dollar General Market | New 14yr Corp Abs NNN | 1006 Main St

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Patrick Luther

(480) 221-4221

(480) 221-4221

Matthew Mousavi

(714) 404-8849

(714) 404-8849

Britt Raymond

(929) 229-2614

(929) 229-2614

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