6107 Town Creek Rd - Freestanding FOR SALE


Elm City, NC 27822
$1,915,000 USD
714-404-8849
6107 Town Creek Rd, Elm City, NC for Sale
$1,915,000 USD
Freestanding - FOR SALE
1/5
null | 6.65% Cap Rate

6107 Town Creek Rd
Elm City, NC 27822


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
  • Limited Nearby Competition | Barnes Elementary School | Gee Corbett Village Apartments
  • Located Along State Hwy 42 (3,300 VPD) | Excellent Visibility

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 Elm City, 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

$1,915,000 USD

PRICE/SF

$178 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Market | 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

36

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

General Commercial

APN/PARCEL ID

3762-49-3498

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.