1987 W Main St - Freestanding FOR SALE


Williamston, NC 27892
$2,221,500 USD
714-404-8849
1987 W Main St, Williamston, NC for Sale
$2,221,500 USD
Freestanding - FOR SALE
1/5
null | 6.65% Cap Rate

1987 W Main St
Williamston, NC 27892


HIGHLIGHTS

  • Brand New 15-Year Lease | Scheduled Rental Increases | New Construction | Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strong Demographics in 5-Mile Trade Area
  • Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Schools
  • Signalized, Hard Corner Intersection | Excellent Visibility & Access

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, Dollar General investment property located in Williamston, North Carolina. The tenant, Dollar General, recently signed a brand new 15 year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The newly-constructed building will feature a state-of-the-art design with high-quality materials. As of May 3, 2024, the Company’s 20,149 Dollar General, DG Market, DGX and Popshelf stores across the United States.

FOR SALE DETAILS

PRICE

$2,221,500 USD

PRICE/SF

$211 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | New 15 Yr Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

2.44 AC

LAND SF

106,286 SF

ZONING

Commercial Highway

APN/PARCEL ID

0505199

ASK ABOUT THIS PROPERTY

Matthew MousaviSRS National Net LeaseMore Info
714-404-8849

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Matthew MousaviSRS National Net LeaseMore Info
714-404-8849

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