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Dollar General 2241 Indian Springs Rd 10,640 SF Retail Building Dudley, NC 28333 $2,733,127 CAD ($256.87 CAD/SF) 6.65% Cap Rate
INVESTMENT HIGHLIGHTS
- NEW CONSTRUCTION
- RETAIL & INDUSTRIAL DEMAND DRIVERS
- STRATEGIC POSITIONING
EXECUTIVE SUMMARY
- Absolute NNN lease providing zero landlord responsibilities
- 5% rental increases in year 5, 10, and in option periods, providing a strong inflation hedge
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
NEW CONSTRUCTION
- Delivered to Dollar General’s current prototype
- Demolition of obsolete structures and site work improvements
- Dollar General Warranties will transfer to new owner
STRATEGIC POSITIONING
- US-117 carries 23,000+ VPD just north in Goldsboro and links to I-795, providing direct access to Wilson and the Raleigh-Durham area
- The site captures both commuter inflow and regional retail draw from surrounding rural communities
- Within a 10-mile radius, the trade area has grown 7.4% in population since 2010, with continued in-migration driven by affordability and proximity to major employment centers
RETAIL & INDUSTRIAL DEMAND DRIVERS
- Wayne County’s industrial market is expanding fueled by manufacturing, logistics, and defense contractors supporting the air force base
- Dollar stores outperform in rural NC with double digit same-store sales growth across similar markets
- The county is projected to add 1,500+ new jobs by 2027
MSA ECONOMIC STABILITY & GROWTH
- Part of Goldsboro MSA which has experienced six consecutive years of positive GDP expansion reaching $4.1B+ in total economic output
- Wayne County unemployment remains stable at 4.3% outperforming many eastern NC market peers
- Supported by Seymour Johnson Air Force Base (5,500+ active duty) & AHHI rising steadily with median household income up 12% since 2018
PROPERTY FACTS
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 10,640 SF
- -
- Triple Net
- Feb 2040
DG is proud to be America’s neighborhood general store. They strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 10,640 SF | - | Triple Net | Feb 2040 |
CONTACTS
-
David Hoppe -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
Presented by
Dollar General | 2241 Indian Springs Rd
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