18231 109 hwy - Freestanding FOR SALE


Denton, NC 27239
$2,536,000 USD
678-808-2762
18231 109 hwy, Denton, NC for Sale
$2,536,000 USD
Freestanding - FOR SALE
1/3
null | 6.6% Cap Rate

18231 109 hwy
Denton, NC 27239


HIGHLIGHTS

  • 15 YR NNN "Next Gen" DG Lease With 5% Bumps In Initial Lease & Options
  • New Construction DG Market
  • Winston-Salem MSA | 2nd Largest City In The Piedmont Triad Region
  • Investment Grade Tenant

OVERVIEW

15 YR NNN “NEXT GEN” DG LEASE WITH 5% BUMPS IN INITIAL LEASE & OPTIONS • This property features Dollar General’s “next gen” Lease with 5% rent increases every 5 years in the new 15-year corporate guaranteed NNN lease with Dollar General. • Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof, and structure. • There are 5% rent increases in each of the five, 5-year option periods. NEW CONSTRUCTION DG MARKET • The subject property is a 12,480 SF DG Market which is about 2,000 SF larger than the traditional Dollar General footprint. • DG Market is a combo store with fresh produce, milk, meats, and other groceries added to Dollar General’s usual mix of low-price general merchandise. • This store sits on 1.95 acres and commenced rent in July 2024. WINSTON-SALEM MSA | 2ND LARGEST CITY IN THE PIEDMONT TRIAD REGION • This Dollar General is located in Denton, NC 40 miles South of downtown Winston-Salem and is part of the Winston-Salem MSA. • Winston-Salem is the second-largest municipality in the Piedmont Triad region and the fifth most populous city in North Carolina with a population of 247,945. • 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. • Winston-Salem is home to the corporate headquarters of BB&T, HanesBrands, Inc., Krispy Kreme, Lowes Food Stores, and many more. • Winston-Salem is home to 6 colleges and universities including Wake Forest University (8,789 Students) which ranks in the top 30 for national universities. • Medical research is a fast-growing local industry, and Wake Forest Baptist Medical Center is the largest employer in Winston-Salem. • Home to Smith Reynolds Airport which supports an average of 117 aircraft operations per day and hosts the Winston-Salem Air Show which draws over 20,000 spectators. INVESTMENT GRADE TENANT • 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

$2,536,000 USD

PRICE/SF

$203 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Market | Winston Salem MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.95 AC

LAND SF

84,942 SF

ZONING

-

APN/PARCEL ID

07-053-0-018-0001-0-0-0

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.