702 George St - Freestanding FOR SALE


Goldsboro, NC 27530
$2,394,000 USD
714-404-8849
702 George St, Goldsboro, NC for Sale
$2,394,000 USD
Freestanding - FOR SALE
1/5
null | 6.65% Cap Rate

702 George St
Goldsboro, NC 27530


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
  • Hard Corner Intersection | Excellent Visibility & Access
  • Berkeley Mall (458,000+ SF) | Dense Retail Corridor | UNC Health Wayne (245 beds) | Goldsboro High School (470 students)

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 Goldsboro, 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

$2,394,000 USD

PRICE/SF

$189 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

49

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,547 SF

ZONING

GB

APN/PARCEL ID

122599991127

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.