135 N Vass Rd - Storefront FOR SALE


Raeford, NC 28376
$2,374,000 USD
909-456-3475
135 N Vass Rd, Raeford, NC for Sale
$2,374,000 USD
Storefront - FOR SALE
1/1
null | 6.4% Cap Rate

135 N Vass Rd
Raeford, NC 28376


HIGHLIGHTS

  • Brand New 2024 Construction Dollar General Delivering in September | Rare corner location with over 10,000 cars daily.
  • Nearby multiple apartment complexes, including Meadows Apartments (30 Units) and Woodcreek Village Apartments (27 Units)
  • Down the street from Upchurch Elementary School with 703 students and Hoke Middle School with 576 students.
  • New 15-year Absolute-Net lease | Corporate Guarantee from an S&P-rated “BBB” company.
  • The site is just west of Fayetteville | Fayetteville is home to Fort Bragg Military Base, with over 50,000 active-duty soldiers.

OVERVIEW

The subject property is a 2024 brand new construction ±10,542 square foot Dollar General located in Raeford, North Carolina. Dollar General Market signed a fifteen-year triple net lease with five, five-year options to extend at 5% increases. Dollar General (NYSE: DG), a publicly traded company with an investment grade credit rating of “BBB” by Standard & Poor’s, has a market cap of $33.35 billion and an annual revenue north of $38.7 billion.

FOR SALE DETAILS

PRICE

$2,374,000 USD

PRICE/SF

$225 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Raeford, NC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,349 SF

ZONING

NEC

APN/PARCEL ID

694351301044

ASK ABOUT THIS PROPERTY

Kyle BlattMarcus & MillichapMore Info
909-456-3475

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Kyle BlattMarcus & MillichapMore Info
909-456-3475

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