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Dollar General 17340 Andrew Jackson hwy

10,640 SF 100% Leased Retail Building Laurinburg, NC 28352 $2,056,000 ($193/SF) 6.65% Cap Rate

Retail Space North Carolina Laurinburg 17340 Andrew Jackson hwy, Laurinburg, NC 28352

Investment Highlights

  • NEW LEASE FUNDAMENTALS WITH RENTAL INCREASES EVERY 5 YEARS
  • NEW CONSTRUCTION ON LARGE PARCEL
  • STRONG CORPORATE GUARANTY

Executive Summary

EMPLOYERS NEARBY
- 6 Miles to the Laurinburg-Maxton Airport
- 3 Miles to Scotland High School (1,350 Students)
- 4.5 Miles to St. Andrews University (1,000 Students)
- 3 Miles to South Johnson Elementary School (600 Students)
SO-PAK-CO FACILITY
- So-Pak-Co, a food processor and packager, chose Laurinburg for its new operation
- $85M project
- 440 new jobs
- State Economic Impact totaling $1.5B
STRONG CORPORATE GUARANTY
- Dollar General was ranked #111 on the Fortune 500 2024 list
- Over 19K locations in 46 states
- 75% of Americans live within 5 minutes of a Dollar General
NEW CONSTRUCTION ON LARGE PARCEL
- Built to suit Dollar General’s specs Warranties are in place
NEW LEASE FUNDAMENTALS WITH RENTAL INCREASES EVERY 5 YEARS
- Absolute NNN lease provides landlord zero responsibilities
- 5% rental increases during option periods
- 5 Option Periods for extensions
INDUSTRIAL CENTER
- More than 200K Square feet of industrial space within a mile of the subject site

Attachments

Dollar General_Laurinburg, NC_6.65%

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
10,640 SF
Year Built
2024
Price
$2,056,000
Price Per SF
$193
Cap Rate
6.65%
NOI
$136,740
Percent Leased
100%
Building Height
1 Story
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(704) 697-1900

  • Listing ID: 33057672

  • Date on Market: 9/4/2024

  • Last Updated:

  • Address: 17340 Andrew Jackson hwy, Laurinburg, NC 28352

The Retail Property at 17340 Andrew Jackson hwy, Laurinburg, NC 28352 is currently available For Sale. Contact Atlantic Capital Partners for more information.

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17340 Andrew Jackson hwy, Laurinburg, NC for sale Primary Photo- Image 1 of 6
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17340 Andrew Jackson hwy, Laurinburg, NC for sale Building Photo- Image 2 of 6
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Dollar General | 17340 Andrew Jackson hwy
(704) 697-1900 x

Dollar General | 17340 Andrew Jackson hwy

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David Hoppe

(704) 697-1900

(704) 697-1900

Ben Olmstead

(704) 651-5953

(704) 651-5953

Ben McCarter

(704) 915-8142

(704) 915-8142

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