N NC 111 Hwy - Convenience Store FOR SALE


Pink Hill, NC 28572
$2,114,364 USD
734-755-6359
N NC 111 Hwy, Pink Hill, NC for Sale
$2,114,364 USD
Convenience Store - FOR SALE
1/4
null | 6.6% Cap Rate

N NC 111 Hwy
Pink Hill, NC 28572


HIGHLIGHTS

  • Dollar General Market | Produce and Fresh Meats.
  • Brand New 15 Year Absolute NNN Lease with 5% RENT INCREASES EVERY 5 YEARS!!
  • 2025 BTS Construction | Market Prototype with Corner Location Seeing 7,989 Cars Per Day.

OVERVIEW

Fortis Net Lease is pleased to present this brand new 10,566 SF Dollar General Market store located in Pink Hill, North Carolina. Dollar General Market stores sell produce and fresh meats and are a necessary addition to the areas they serve. The property is secured with a 15 year Absolute NNN Lease leaving zero landlord responsibilities. The lease contains 5% rent increases every 5 years including at each of the 5 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is currently under construction with store opening & rent on track to start in May 2025. This Dollar General Market is highly visible as it is strategically positioned on the hard corner of NC 111 Highway & NC 11 Highway seeing 7,989 cars per day. It sits only 1 mile from the local Elementary School. The 10 mile population from the site is 18,761 while the 3 mile average household income is $63,619 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top small box discount retailer. List price reflects a 6.60% cap rate based on NOI of $139,548.

FOR SALE DETAILS

PRICE

$2,114,364 USD

PRICE/SF

$200 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.78 AC

LAND SF

77,537 SF

ZONING

C-1

APN/PARCEL ID

06-1051

ASK ABOUT THIS PROPERTY

Bryan BenderFortis Net LeaseMore Info
734-755-6359

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Bryan BenderFortis Net LeaseMore Info
734-755-6359

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