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Dollar General 13812 NC Highway 33 E

7,500 SF Retail Building Blounts Creek, NC 27814 $1,192,800 ($159/SF) 7% Cap Rate

Investment Highlights

  • Absolute NNN Dollar General w/ Zero Landlord Responsibilities Located on a Heavily Trafficked Section of North Carolina Highway 33
  • enant Has Occupied the Site Since 2019 with +/- 10 Years on the Lease Base Term and Featuring Attractive Ten Percent Rent Increases In Each Option
  • Lease Corporately Guaranteed by Dollar General, an American Chain of Variety Stores with Over 16,000 Locations Nationwide
  • Strategically Located Just Minutes from the Nutrien Aurora Phosphate Mine, Beaufort County’s Largest Employer and the Largest Phosphate Mining Plant
  • Subject Property Faces Very Limited Dollar Store Competition with No Dollar Generals Within an 11 Mile Radius

Executive Summary

-Absolute NNN Dollar General w/No Landlord Responsibilities: Absolute NNN Dollar General w/ Zero Landlord Responsibilities Located on a Heavily Trafficked Section of North Carolina Highway 33 (4,000 Vehicles Per Day (VPD)) in Blounts Creek, Beaufort County, NC.
-Adjacent to Largest Employer in Beaufort County, NC: Strategically Located Just Minutes from the Nutrien Aurora Phosphate Mine, Beaufort County’s Largest Employer and the Largest Phosphate Mining and Chemical Plant in the United States.
-Long 10-Year Lease w/Rent Increases in Options: Tenant Has Occupied the Site Since 2019 with +/- 10 Years on the Lease Base Term and Featuring Attractive Ten Percent Rent Increases In Each Option Making This an Ideal 1031 Exchange Asset.
-Very Limited Proximate Dollar Store Competition: Subject Property Faces Very Limited Dollar Store Competition with No Dollar Generals Within an 11 Mile Radius and No Family Dollars Within a 15-Mile Radius.
-Sound Dollar Store Demographics: Situated in an Area with Over 1,300 People Living Within a 5-Mile Radius with an Average Annual Household Income Exceeding $70,000.
-Corporate Guarantee: Lease Corporately Guaranteed by Dollar General, an American Chain of Variety Stores with Over 16,000 Locations Nationwide and an S&P Credit Rating of BBB.

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,500 SF
Building Class
C
Year Built
2019
Price
$1,192,800
Price Per SF
$159
Cap Rate
7%
NOI
$83,496
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Land Acres
1.30 AC
Parking
26 Spaces (3.47 Spaces per 1,000 SF Leased)
Frontage
279 FT on North Carolina 33

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6519-05-4619
Land Assessment
$32,499
Improvements Assessment
$455,226
Total Assessment
$487,725
  • Listing ID: 32256179

  • Date on Market: 6/26/2024

  • Last Updated:

  • Address: 13812 NC Highway 33 E, Blounts Creek, NC 27814

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