13812 NC Highway 33 E - Freestanding FOR SALE


Blounts Creek, NC 27814
$1,192,800 USD
212-430-5180
13812 NC Highway 33 E, Blounts Creek, NC for Sale
$1,192,800 USD
Freestanding - FOR SALE
1/2
null | 7% Cap Rate

13812 NC Highway 33 E
Blounts Creek, NC 27814


HIGHLIGHTS

  • Absolute NNN Dollar General w/ Zero Landlord Responsibilities Located on a Heavily Trafficked Section of North Carolina Highway 33
  • Strategically Located Just Minutes from the Nutrien Aurora Phosphate Mine, Beaufort County’s Largest Employer and the Largest Phosphate Mining Plant
  • enant Has Occupied the Site Since 2019 with +/- 10 Years on the Lease Base Term and Featuring Attractive Ten Percent Rent Increases In Each Option
  • Subject Property Faces Very Limited Dollar Store Competition with No Dollar Generals Within an 11 Mile Radius
  • Lease Corporately Guaranteed by Dollar General, an American Chain of Variety Stores with Over 16,000 Locations Nationwide

OVERVIEW

-Absolute NNN Dollar General w/No Landlord Responsibilities: Absolute NNN Dollar General w/ Zero Landlord Responsibilities Located on a Heavily Trafficked Section of North Carolina Highway 33 (4,000 Vehicles Per Day (VPD)) in Blounts Creek, Beaufort County, NC. -Adjacent to Largest Employer in Beaufort County, NC: Strategically Located Just Minutes from the Nutrien Aurora Phosphate Mine, Beaufort County’s Largest Employer and the Largest Phosphate Mining and Chemical Plant in the United States. -Long 10-Year Lease w/Rent Increases in Options: Tenant Has Occupied the Site Since 2019 with +/- 10 Years on the Lease Base Term and Featuring Attractive Ten Percent Rent Increases In Each Option Making This an Ideal 1031 Exchange Asset. -Very Limited Proximate Dollar Store Competition: Subject Property Faces Very Limited Dollar Store Competition with No Dollar Generals Within an 11 Mile Radius and No Family Dollars Within a 15-Mile Radius. -Sound Dollar Store Demographics: Situated in an Area with Over 1,300 People Living Within a 5-Mile Radius with an Average Annual Household Income Exceeding $70,000. -Corporate Guarantee: Lease Corporately Guaranteed by Dollar General, an American Chain of Variety Stores with Over 16,000 Locations Nationwide and an S&P Credit Rating of BBB.

FOR SALE DETAILS

PRICE

$1,192,800 USD

PRICE/SF

$159 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

-

APN/PARCEL ID

6519-05-4619

ASK ABOUT THIS PROPERTY

Christopher PappasMarcus & MillichapMore Info
212-430-5180

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Christopher PappasMarcus & MillichapMore Info
212-430-5180

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