103 N Cherry St - Office FOR SALE


Wilkesboro, NC 28697
$1,672,000 USD
678-808-2762
103 N Cherry St, Wilkesboro, NC for Sale
$1,672,000 USD
Office - FOR SALE
1/3
null | 6.75% Cap Rate

103 N Cherry St
Wilkesboro, NC 28697


OVERVIEW

2023 UPGRADED CONSTRUCTION NC DOLLAR GENERAL • 10,640 SF upgraded construction Dollar General located in Wilkesboro, NC. • This store opened and rent commenced in May 2023. WILKESBORO, NC | COUNTY SEAT OF WILKES COUNTY • This Dollar General is located directly across the street from Tyson Foods poultry processing plant; it is one of the largest poultry plants east of the Mississippi River. • Wilkes Community College is less than 1 mile from this Dollar General and has over 4,600 students enrolled. • A 435,000 SF Lowe’s distribution center is located in Wilkesboro and employees 2,000 people at this center. 2 MILES FROM MAIN RETAIL CORRDIOR IN WILKESBORO • This Dollar General is strategically positioned 2 miles from the main retail pocket in Wilkesboro. • National Retailers include Lowe’s Foods, Lowe’s Home Improvement, ALDI, Goodwill, Kohl’s and more. NEAR TRIAD REGION OF NC (GREENSBORO - HIGH POINT - WINSTON SALEM) • This Dollar General is located 50 minutes west of downtown Winston-Salem and the Piedmont Triad off Hwy 421 (28,000 VPD). • The Triad is known as one of the primary manufacturing and transportation hubs of the southeastern U.S. and includes Greensboro, Winston-Salem and Highpoint, NC. • The Piedmont Triad has an estimated population of 1,611,243 making it the 33rd largest combined statistical area in the United States • There are more than 20 Colleges and Universities within the Triad including Wake Forest • University, Elon University, and High Point University. These schools have a combined student count of 20,000. 14-YEAR CORPORATE NNN LEASE • There are 14 years remaining on the 15 year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure. • There are 10% rent increases in each of the Five, 5-year option periods. INVESTMENT GRADE TENANT (S&P: BBB) • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 20,000 locations and plans to open 800 stores in 2024. • Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

FOR SALE DETAILS

PRICE

$1,672,000 USD

PRICE/SF

$157 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Near Peidmont Triad

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

Industrial

APN/PARCEL ID

2206140

ASK ABOUT THIS PROPERTY

Don McMinnMarcus & MillichapMore Info
678-808-2762

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Don McMinnMarcus & MillichapMore Info
678-808-2762

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