11185 US-301 - Convenience Store FOR SALE


Lumberton, NC 28360
$2,130,000 USD
864-235-6855
11185 US-301, Lumberton, NC for Sale
$2,130,000 USD
Convenience Store - FOR SALE
1/2
null | 6.75% Cap Rate

11185 US-301
Lumberton, NC 28360


OVERVIEW

Desirable Lease Terms: Brand new 15 year absolute NNN lease Minimal Landlord Responsibilities: Absolute NNN lease with ZERO landlord responsibilities Brand New Construction: 2024 build-to-suit for Dollar General; Rent commencement is estimated as November 2024 Corporate Dollar General Lease: Over 20,000 locations in 48 states and Mexico with revenues in excess of $38.7 billion and a $26.26 Billion market cap Investment Grade Tenant: Dollar General holds an S&P BBB credit rating Ideally Located: This location sits within 0.25 miles of both the nearest I-95 interchange (±43,500 vpd) and Magnolia Elementary School, as well as having a direct, 3.5 mile connection, via US Hwy 301 (±4,585 vpd), to downtown Lumberton Attractive Demographics: Strong average household incomes in the immediately surrounding area (1mile: $80,368, 3 mile: $90,975, and 5 mile: $96,086) point towards this location’s future long term health and stability

FOR SALE DETAILS

PRICE

$2,130,000 USD

PRICE/SF

$200 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Drug Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.34 AC

LAND SF

101,930 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Robert Schmidt, CCIMNAI Earle Furman LLCMore Info
864-235-6855

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

Robert Schmidt, CCIMNAI Earle Furman LLCMore Info
864-235-6855

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