Highway 1 N - Freestanding FOR SALE


Vass, NC 28394
$700,000 USD
864-982-8281
Highway 1 N, Vass, NC for Sale
$700,000 USD
Freestanding - FOR SALE
1/8
null | 7.99% Cap Rate

Highway 1 N
Vass, NC 28394


HIGHLIGHTS

  • 23 yr. tenancy; early renewal; invest grade risk; core of downtown Vass.*

OVERVIEW

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

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$88 USD /SF

CAP RATE

7.99%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General in downtown Vass, NC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

H C

APN/PARCEL ID

9514-07-69-0341

ASK ABOUT THIS PROPERTY

Edward WingateTriple Net Absolute LLCMore Info
864-982-8281

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

Edward WingateTriple Net Absolute LLCMore Info
864-982-8281

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