Dollar General | 912 Vicksboro Rd
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Dollar General 912 Vicksboro Rd
10,542 SF Retail Building Henderson, NC 27537 $2,022,000 ($192/SF) 6.70% Cap Rate
Investment Highlights
- Strong corporate guaranty
- New construction
- Trade market need
- Strong Lease Fundamentals
- Strategically located
Executive Summary
Strong Corporate Guaranty
- Dollar General was ranked #91 on the Fortune 500 2021 list
- Over 19K locations in 46 states
- 75% of Americans live within 5 minutes of a Dollar General
Strong Lease Fundamentals
- Absolute NNN lease provides landlord zero responsibilities
- 10% rental increases during option periods
New Construction
- Built with Dollar General’s most upgraded prototype and will be transferred to new ownership with warranties in place
Strategically Located
- Subject site fronts Vicksboro Rd, which is a main commuter corridor to Highway 1 (~1 Mile | 12K AADT)
- Across the street form Carey Chapel Village (61 Homes)
- Down the road form Garden Gate Villas, a senior living complex
Trade Market Need
- Competing Dollar Tree (located ~1.3 miles away) is ranked in the top 83rd percentile of all Dollar Tree’s in NC (Placer.ai)
- Dollar General was ranked #91 on the Fortune 500 2021 list
- Over 19K locations in 46 states
- 75% of Americans live within 5 minutes of a Dollar General
Strong Lease Fundamentals
- Absolute NNN lease provides landlord zero responsibilities
- 10% rental increases during option periods
New Construction
- Built with Dollar General’s most upgraded prototype and will be transferred to new ownership with warranties in place
Strategically Located
- Subject site fronts Vicksboro Rd, which is a main commuter corridor to Highway 1 (~1 Mile | 12K AADT)
- Across the street form Carey Chapel Village (61 Homes)
- Down the road form Garden Gate Villas, a senior living complex
Trade Market Need
- Competing Dollar Tree (located ~1.3 miles away) is ranked in the top 83rd percentile of all Dollar Tree’s in NC (Placer.ai)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,542 SF
Building Class
B
Year Built
2023
Price
$2,022,000
Price Per SF
$192
Cap Rate
6.70%
NOI
$135,492
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.63 AC
PROPERTY TAXES
| Parcel Number | 0536-05001 | Improvements Assessment | $1,585,655 |
| Land Assessment | $79,750 | Total Assessment | $1,665,405 |
PROPERTY TAXES
Parcel Number
0536-05001
Land Assessment
$79,750
Improvements Assessment
$1,585,655
Total Assessment
$1,665,405
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Dollar General | 912 Vicksboro Rd
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