Your email has been sent.
Dollar General 1112 Park Springs Rd 11,601 SF Retail Building Providence, NC 27315 $1,970,838 CAD ($169.89 CAD/SF) 7.25% Cap Rate
Investment Highlights
- Absolute NNN Lease offering hands-off investment with tenant responsible for all expenses
- Strategic location along NC Highway 86, 5 miles south of Danville, VA
- Only major discount retailer in immediate Providence area serving surrounding community
- Corporate Guarantee by Dollar General Corporation, Fortune 100 company with BBB credit rating
- Recession-resistant tenant classified as essential retailer during COVID-19 pandemic
- ±8.7 years remaining on lease with five 5-year renewal options at 10% increases
Executive Summary
Gerard Hamas
Matthews of North Carolina, LLC
362768, C42113 (NC)
307 W. Tremont Ave., Ste 200, Charlotte, NC 28203 (866) 889-0550
Data Room Click Here to Access
Property Facts
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- $15.72 CAD
- Triple Net
- Feb 2035
Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business created by J.L. Turner and Cal Turner. The company later evolved into a discount retailer and now focuses on everyday essentials, including food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor, alongside private brands and well-known national brands. Dollar General also operates DG Market, DGX, and pOpshelf formats in the United States and Mi Súper Dollar General stores in Mexico, while continuing to build a broad convenience-oriented general merchandise business.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $15.72 CAD | Triple Net | Feb 2035 |
Property Taxes
| Parcel Number | 0049.00.00.0046.0000 | Improvements Assessment | $616,788 CAD |
| Land Assessment | $247,163 CAD | Total Assessment | $863,952 CAD |
Property Taxes
Presented by
Dollar General | 1112 Park Springs Rd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.