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Dollar General - 5.5 Yrs - Abs. NNN 2951 US Highway 220 9,100 SF Retail Building Madison, NC 27025 $1,798,408 CAD ($197.63 CAD/SF) 7.35% Cap Rate
Investment Highlights
- 5.5 Years of Guaranteed Lease Term Remaining (Lease Exp: 10/31/2031)
- Absolute NNN Lease with ZERO Management Responsibilities
- Upgraded Construction | 4-Lane Highway | Traffic Counts of 26,133 Vehicles Per Day
- 2016 Build to Suit Construction | 9,100 SF Building on 8.22 Acre Parcel
- 4-Lane Highway | Traffic Counts of 26,133 Vehicles Per Day
- 21 Miles to Greensboro, NC; 26 Miles to Winston-Salem, NC; 76 Miles to Durham, NC; 98 Miles to Raleigh, NC; 111 Miles to Charlotte, NC
Executive Summary
Schuchert Retail Group and Wayne Troxler (Guilford Realty Group Inc.) are pleased to exclusively present for sale the 9,100 SF Dollar General located at 2951 US Hwy 220, Madison, NC 27025.
In Conjunction With: Wayne Troxler (Guilford Realty Group Inc.)
NC License #110069
In Conjunction With: Wayne Troxler (Guilford Realty Group Inc.)
NC License #110069
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
9,100 SF
Building Class
B
Year Built
2016
Price
$1,798,408 CAD
Price Per SF
$197.63 CAD
Cap Rate
7.35%
NOI
$132,183 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
8.22 AC
Zoning
RES AG HWY
Parking
37 Spaces (4.07 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Oct 2031
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Oct 2031 |
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
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Dollar General - 5.5 Yrs - Abs. NNN | 2951 US Highway 220
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