Dollar General # 7052, 3350 US # 1 (BUS.), Vass, NC 29384
DG # 7052 with a 10 yr. NN corp. guaranteed lease, extended to 2029, has (2) five-year options with 10 % rental increases.
Dollar General (NYSE: DG; S&P – BBB; Fortune # 104) has over 19,000 locations in 48 states, boasting a $ 15.8B market cap. (2024)
Store located in the epicenter (1 off the Circle K Store) of Vass’ city limits. [US # 1 N. (BUS.) @ Main St / NC # 690]
Over 63 % of area households earn less than $ 74,000 / yr. making this location ideal for a discount store outlet.
Recent (Jan ‘24) renewal extension shows tenant remains committed to this location for the exceedingly long run.
Over 24,900 consumers live within 5 miles of store, having a population growth of 11 % since 2019. (CREXi)
Over 19,300 employees live within 5 miles of store (CREXi)
In Dec ’24, the store had 6500 visits / 4400 visitors, staying an average of 13 mins. / visit. (VF = 1.48) [Placer a.i.]
In Jan '25, the store had over 5000 visits / 3300 visitors giving it a VF= 1.51 (Placer a.i.)
Exposure to over 6000 AADT’s at the intersection of US # 1 N.(BUS.) and NC # 690 (Main St.) [NCDOT]
Excellent for a 1031 tax deferred exchange replacement property or for a self-funded acquisition preserving a long-term stable income.
An E-commerce, economic recession, market crash, credit crisis and COVID proof investment capable of multi-generational income