29725 Nelson Mountain Rd
Albemarle, NC 28001
Dollar General Market · Commerce de détail Propriété À vendre

Northmarq, on behalf of ownership as its exclusive advisor, is pleased to present the opportunity to acquire the fee simple ownership interest in the brand new Dollar General Market property located at 29725 Nelson Mountain Rd in Albemarle, NC (“Property”). The Property comprises a 10,640 square foot building on 1.99 acres of land. The Property is was constructed in September 2024 and features upgraded brick and Hardie plank construction, offering higher quality than the traditional metal exterior model. The Property is subject to a long-term NNN lease which is guaranteed by Dollar General Corporation (“Tenant”), the largest discount retailer in the United States with over 20,000 locations in 48 U.S. states and Mexico. Dollar General carries an investment grade credit rating of BBB/Stable by S&P Global Ratings. The Property is situated at the intersection of Nelson Mountain Rd and NC-73, providing ease of sight and access. The Property provides entirely passive ownership and an income stream net of all operating expenses. Tenant is subject to a brand-new 15-year lease, providing income security through September 2039 and rental escalations of 5% every five years including in each of the five, five-year renewal options. This Offering is a rare opportunity to invest in a highly passive asset backed by a top-rated national tenant.