Dollar General | 13812 NC Highway 33 E
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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.
-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
Parcel Number | 6519-05-4619 | Improvements Assessment | $455,226 |
Land Assessment | $32,499 | Total Assessment | $487,725 |
PROPERTY TAXES
Parcel Number
6519-05-4619
Land Assessment
$32,499
Improvements Assessment
$455,226
Total Assessment
$487,725
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Dollar General | 13812 NC Highway 33 E
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