308 Walnut st - Storefront FOR SALE


Fairmont, NC 28340
$2,140,622 USD
857-284-7971
308 Walnut st, Fairmont, NC for Sale
$2,140,622 USD
Storefront - FOR SALE
1/8
null | 6.75% Cap Rate

308 Walnut st
Fairmont, NC 28340


HIGHLIGHTS

  • 5% Rent Bumps Every 5 Years
  • 12.7 Miles from Lumberton
  • 25,000+ population within 10 miles
  • Strong Traffic on S. Walnut Street @ 9,050 ADT

OVERVIEW

FAIRMONT, NC 308 S. Walnut Street features an all new 2024 construction DG Market prototype building consisting of approximately 12,480 SF sitting directly at the intersection of S. Walnut Street and Cottage Street. This location is in an established market where DG has wanted to expand to it’s DG Market prototype. The location has strong daily traffic counts at 9,050 ADT on S. Walnut and 2,400 ADT on Cottage Street. The lease features attractive 5% rent increases every 5 years throughout the lease. The property is ideally located directly on a +/- 1.81 acre parcel one of the main connectors heading north and south. The township is within Robeson County - located just 9 miles from the South Carolina state border, 12.7 miles from Lumberton, 48 miles from Fayetteville. Robeson County is the largest county in the state of North Carolina by land area, having 949 square miles in total and is located approximately 1.5 hours from the beaches and 3 hours from the mountains, Robeson County is situated perfectly for day trips and family excursions. I-95 runs North-South on the Eastern Seaboard, directly through the county; and is a halfway point for a lot of travelers. I-74 runs East-West through the county, connecting North Carolina beaches to the mountains. The nearest Dollar General is an older prototype store 0.7 miles north, 6.1 miles west in Orrum and 6.8 miles east in Five Forks. This location will pull from a large established trade area and be a very convenient location allowing Dollar General to offer a wider variety of items including produce, meat and other foods allowing customers closer access to fresh and healthier foods at a co

FOR SALE DETAILS

PRICE

$2,140,622 USD

PRICE/SF

$172 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NEW NORTH CAROLINA DG MARKET | 5% RENT BUMPS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

1.81 AC

LAND SF

78,844 SF

ZONING

-

APN/PARCEL ID

3004-03-008

ASK ABOUT THIS PROPERTY

Tim BulmanDistrict Real Estate AdivsorsMore Info
857-284-7971

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Tim BulmanDistrict Real Estate AdivsorsMore Info
857-284-7971

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