Dollar General | 11185 US-301
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Dollar General 11185 US-301
10,640 SF Retail Building Lumberton, NC 28360 £1,666,619 (£157/SF) 6.75% Net Initial Yield
Executive Summary
Desirable Lease Terms: Brand new 15 year absolute NNN lease
Minimal Landlord Responsibilities: Absolute NNN lease with ZERO landlord responsibilities
Brand New Construction: 2024 build-to-suit for Dollar General; Rent commencement is estimated as November 2024
Corporate Dollar General Lease: Over 20,000 locations in 48 states and Mexico with revenues in excess of $38.7 billion and a $26.26
Billion market cap
Investment Grade Tenant: Dollar General holds an S&P BBB credit rating
Ideally Located: This location sits within 0.25 miles of both the nearest I-95 interchange (±43,500 vpd) and Magnolia Elementary School, as well as having a direct, 3.5 mile connection, via US Hwy 301 (±4,585 vpd), to downtown Lumberton
Attractive Demographics: Strong average household incomes in the immediately surrounding area (1mile: $80,368, 3 mile: $90,975, and 5 mile: $96,086) point towards this location’s future long term health and stability
Minimal Landlord Responsibilities: Absolute NNN lease with ZERO landlord responsibilities
Brand New Construction: 2024 build-to-suit for Dollar General; Rent commencement is estimated as November 2024
Corporate Dollar General Lease: Over 20,000 locations in 48 states and Mexico with revenues in excess of $38.7 billion and a $26.26
Billion market cap
Investment Grade Tenant: Dollar General holds an S&P BBB credit rating
Ideally Located: This location sits within 0.25 miles of both the nearest I-95 interchange (±43,500 vpd) and Magnolia Elementary School, as well as having a direct, 3.5 mile connection, via US Hwy 301 (±4,585 vpd), to downtown Lumberton
Attractive Demographics: Strong average household incomes in the immediately surrounding area (1mile: $80,368, 3 mile: $90,975, and 5 mile: $96,086) point towards this location’s future long term health and stability
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,640 SF
Year Built
2024
Construction Status
Under Construction
Price
£1,666,619
Price Per SF
£157
Net Initial Yield
6.75%
NOI
£112,456
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Lot Size
2.34 AC
Parking
40 Spaces (3.76 Spaces per 1,000 SF Leased)
Contacts
-
Robert Schmidt, CCIM -
Peter Couchell, CCIM -
Lawrence Myers -
NAI Earle Furman LLC
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Dollar General | 11185 US-301
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