17340 Andrew Jackson hwy - Convenience Store FOR SALE


Laurinburg, NC 28352
$1,982,000 USD
704-697-1900
17340 Andrew Jackson hwy, Laurinburg, NC for Sale
$1,982,000 USD
Convenience Store - FOR SALE
1/5
null | 6.9% Cap Rate

17340 Andrew Jackson hwy
Laurinburg, NC 28352


HIGHLIGHTS

  • NEW LEASE FUNDAMENTALS WITH RENTAL INCREASES EVERY 5 YEARS
  • STRONG CORPORATE GUARANTY
  • NEW CONSTRUCTION ON LARGE PARCEL

OVERVIEW

EMPLOYERS NEARBY - 6 Miles to the Laurinburg-Maxton Airport - 3 Miles to Scotland High School (1,350 Students) - 4.5 Miles to St. Andrews University (1,000 Students) - 3 Miles to South Johnson Elementary School (600 Students) SO-PAK-CO FACILITY - So-Pak-Co, a food processor and packager, chose Laurinburg for its new operation - $85M project - 440 new jobs - State Economic Impact totaling $1.5B STRONG CORPORATE GUARANTY - Dollar General was ranked #111 on the Fortune 500 2024 list - Over 19K locations in 46 states - 75% of Americans live within 5 minutes of a Dollar General NEW CONSTRUCTION ON LARGE PARCEL - Built to suit Dollar General’s specs Warranties are in place NEW LEASE FUNDAMENTALS WITH RENTAL INCREASES EVERY 5 YEARS - Absolute NNN lease provides landlord zero responsibilities - 5% rental increases during option periods - 5 Option Periods for extensions INDUSTRIAL CENTER - More than 200K Square feet of industrial space within a mile of the subject site

FOR SALE DETAILS

PRICE

$1,982,000 USD

PRICE/SF

$186 USD /SF

CAP RATE

6.9%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Storefront, Supermarket, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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