103 Culpepper Rd - Freestanding FOR SALE


South Mills, NC 27976
$1,948,622 USD
703-477-1315
103 Culpepper Rd, South Mills, NC for Sale
$1,948,622 USD
Freestanding - FOR SALE
1/1
null | 6.75% Cap Rate

103 Culpepper Rd
South Mills, NC 27976


HIGHLIGHTS

  • 2024 Construction
  • NNN Lease with Corporate Guaranty from Dollar General Corporation
  • 5% Rent Increases Every 5 Years

OVERVIEW

CBRE is pleased to exclusively offer for sale the 10,678-square-foot Dollar General situated on 1.84 acres in South Mills, NC - a component of the Virginia Beach-Chesapeake-Norfolk, VA-NC MSA. Built in 2024, Dollar General's NNN lease features a corporate guaranty from Dollar General Corporation and ±14.0 years of primary term remaining with a 5% rent increase every 5 years throughout the initial term and in each of the five, 5-year renewal options.

FOR SALE DETAILS

PRICE

$1,948,622 USD

PRICE/SF

$182 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General South Mills, NC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

HC

APN/PARCEL ID

01.7080.00.07.3293.0000

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.