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Dollar General 4795 E US Highway 64 9,100 SF Retail Building Murphy, NC 28906 $956,205 CAD ($105.08 CAD/SF) 8.59% Cap Rate
INVESTMENT HIGHLIGHTS
- Proven Long-Term Operating History: Dollar General has successfully operated at this location since 2004.
- Scheduled Rent Escalation: The lease includes a 5% rental increase effective May 2027, providing built-in income growth for investors.
- Structured Long-Term Lease: The lease includes six (6) additional five-year renewal options, each with 5% rent increases
- Recent Lease Extension: Dollar General executed a 5-year lease extension, further validating the location’s operational performance
- Recent Capital Improvements: The property has benefited from significant recent capital expenditures, including a full parking lot resurfacing
EXECUTIVE SUMMARY
Kyle Matthews
License # C38369 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
- $7.97 CAD
- Triple Net
- May 2019
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 | - | $7.97 CAD | Triple Net | May 2019 |
PROPERTY TAXES
| Parcel Number | 5511-02-57-0386-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,567,199 CAD |
PROPERTY TAXES
Presented by
Dollar General | 4795 E US Highway 64
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