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641 S Main St 8,000 SF Retail Building Kenansville, NC 28349 $934,706 CAD ($116.84 CAD/SF) 7.15% Cap Rate
Investment Highlights
- No competing discount retailers within a 7-mile radius, ensuring strong market share.
- Prime location with high-exposure frontage on S. Main Street in central Kenansville.
- Long-term NNN lease structure with minimal landlord responsibilities.
- Corporate-guaranteed lease by Dollar General Corporation (NYSE: DG).
- Ample parking on a well-maintained paved lot with easy ingress and egress.
- Full renovation scheduled for March 2026, enhancing property value and tenant commitment.
Executive Summary
Positioned along Kenansville’s primary commercial corridor at the intersection of three main roads, this freestanding Dollar General enjoys exceptional visibility and convenient access from Highway 11/S. Main Street, the town’s main north-south thoroughfare. The property benefits from steady local traffic, strong community loyalty, and proximity to key neighborhood anchors including schools, municipal offices, and residential developments. Build to suite in 2000, DG has been committed to the location ever since and just renewed another 5 years through 2030 with an agreed upon escallation. Besides, there is no competition within 7 miles guaranteeing their stay for much longer, so much that they will be totally remodeling the building in March, including new floors, new bathrooms, new lighting, new paint, etc....
A rare opportunity to acquire a stable, income-producing asset backed by a Fortune 200 retailer in a growing eastern North Carolina market. Ideal for investors seeking predictable returns, inflation-resistant income, and zero management exposure.
A rare opportunity to acquire a stable, income-producing asset backed by a Fortune 200 retailer in a growing eastern North Carolina market. Ideal for investors seeking predictable returns, inflation-resistant income, and zero management exposure.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
C
Year Built
2000
Price
$934,706 CAD
Price Per SF
$116.84 CAD
Cap Rate
7.15%
NOI
$66,814 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.49 AC
Zoning
General Commercial - Commercial corridor
Frontage
49’ on S Main St
Amenities
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
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 | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-1737-1 | Improvements Assessment | $0 CAD |
| Land Assessment | $138,380 CAD | Total Assessment | $138,380 CAD |
Property Taxes
Parcel Number
13-1737-1
Land Assessment
$138,380 CAD
Improvements Assessment
$0 CAD
Total Assessment
$138,380 CAD
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641 S Main St
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