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Dollar General 575 Perry Taylor Rd 9,100 SF Retail Building Mount Airy, NC 27030 $1,331,359 CAD ($146.30 CAD/SF) 8% Cap Rate

INVESTMENT HIGHLIGHTS
- Recently renovated with upgraded brick façade
- 10% rent escalations in each option period
- Strong brand recognition and consistent performance from tenant
- Triple-net lease with four years remaining and renewal options
- Positioned one mile from Interstate 74 for regional access
EXECUTIVE SUMMARY
This NNN-leased Dollar General investment offers a compelling opportunity for passive income in a stable retail asset located in Mt. Airy, North Carolina. Positioned just one mile from Interstate 74, the ±9,100-square-foot building sits on a ±1.87-acre parcel and was recently renovated in 2024 with a new brick façade, enhancing curb appeal and long-term durability. The property benefits from strong visibility and accessibility in a growing retail corridor.
Dollar General’s lease structure is triple-net (NNN), with approximately four years remaining on the current term and four additional five-year renewal options, each featuring 10% rent escalations. The asset generates a net operating income of $76,300 annually, delivering an attractive 8% cap rate at the asking price of $953,750.
As one of the fastest-growing discount retailers in the U.S., Dollar General’s strategic focus on underserved markets with populations under 20,000 ensures consistent foot traffic and minimal competition. This location aligns with that strategy, serving the Mt. Airy community with essential goods and services. The property’s proximity to Winston-Salem (30 minutes), Greensboro (1 hour), and Charlotte (1.5 hours) further enhances its regional connectivity and investment appeal.
This offering is ideal for investors seeking a reliable income stream backed by a nationally recognized tenant with a proven track record of performance and expansion.
Dollar General’s lease structure is triple-net (NNN), with approximately four years remaining on the current term and four additional five-year renewal options, each featuring 10% rent escalations. The asset generates a net operating income of $76,300 annually, delivering an attractive 8% cap rate at the asking price of $953,750.
As one of the fastest-growing discount retailers in the U.S., Dollar General’s strategic focus on underserved markets with populations under 20,000 ensures consistent foot traffic and minimal competition. This location aligns with that strategy, serving the Mt. Airy community with essential goods and services. The property’s proximity to Winston-Salem (30 minutes), Greensboro (1 hour), and Charlotte (1.5 hours) further enhances its regional connectivity and investment appeal.
This offering is ideal for investors seeking a reliable income stream backed by a nationally recognized tenant with a proven track record of performance and expansion.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
B
Year Built/Renovated
2016/2024
Price
$1,331,359 CAD
Price Per SF
$146.30 CAD
Cap Rate
8%
NOI
$106,509 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.80 AC
Opportunity Zone
Yes
Zoning
HB
PROPERTY TAXES
| Parcel Number | 5918-01-46-5726 | Improvements Assessment | $1,911,527 CAD |
| Land Assessment | $230,492 CAD | Total Assessment | $2,142,019 CAD |
PROPERTY TAXES
Parcel Number
5918-01-46-5726
Land Assessment
$230,492 CAD
Improvements Assessment
$1,911,527 CAD
Total Assessment
$2,142,019 CAD
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Dollar General | 575 Perry Taylor Rd
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