507 Sycamore St - Freestanding FOR SALE


Rose Hill, NC 28458
$2,086,000 USD
480-221-4221
507 Sycamore St, Rose Hill, NC for Sale
$2,086,000 USD
Freestanding - FOR SALE
1/5
null | 6.65% Cap Rate

507 Sycamore St
Rose Hill, NC 28458


HIGHLIGHTS

  • Brand New 15-Year Lease | Scheduled Rental Increases | New Construction | Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | Strong National/Credit Tenant Presence
  • Near Signalized, Hard Corner Intersection | Interstate 40 (16,000 VPD) | Excellent Visibility & Access
  • Strong Demographics in 5-Mile Trade Area

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 Market investment property located in Rose Hill, 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 has 20,149 Dollar General, DG Market, DGX and Popshelf stores across the United States providing everyday essentials.

FOR SALE DETAILS

PRICE

$2,086,000 USD

PRICE/SF

$166 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Market | New 15yr Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

2.6 AC

LAND SF

113,256 SF

ZONING

General Commercial

APN/PARCEL ID

11-35

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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