Dollar General | New 15 Yr Abs NNN | 1987 W Main St
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Dollar General | New 15 Yr Abs NNN 1987 W Main St
10,542 SF Retail Building Williamston, NC 27892 $2,221,500 ($211/SF) 6.65% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Scheduled Rental Increases | New Construction | Established Brand
- Strong Demographics in 5-Mile Trade Area
- Signalized, Hard Corner Intersection | Excellent Visibility & Access
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Schools
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 Williamston, 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’s 20,149 Dollar General, DG Market, DGX and Popshelf stores across the United States.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,542 SF
Building Class
B
Year Built
2024
Price
$2,221,500
Price Per SF
$211
Cap Rate
6.65%
NOI
$147,730
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Land Acres
2.44 AC
Opportunity Zone
Yes
Zoning
Commercial Highway
Parking
47 Spaces (4.46 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Signalized Intersection
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Dollar General | New 15 Yr Abs NNN | 1987 W Main St
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