Dollar General | Raeford, NC | 135 N Vass Rd
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Dollar General | Raeford, NC 135 N Vass Rd
10,542 SF Retail Building Raeford, NC 28376 £1,857,536 (£176/SF) 6.40% Net Initial Yield
Investment Highlights
- Brand New 2024 Construction Dollar General Delivering in September | Rare corner location with over 10,000 cars daily.
- Down the street from Upchurch Elementary School with 703 students and Hoke Middle School with 576 students.
- The site is just west of Fayetteville | Fayetteville is home to Fort Bragg Military Base, with over 50,000 active-duty soldiers.
- Nearby multiple apartment complexes, including Meadows Apartments (30 Units) and Woodcreek Village Apartments (27 Units)
- New 15-year Absolute-Net lease | Corporate Guarantee from an S&P-rated “BBB” company.
Executive Summary
The subject property is a 2024 brand new construction ±10,542 square foot Dollar General located in Raeford, North Carolina.
Dollar General Market signed a fifteen-year triple net lease with five, five-year options to extend at 5% increases. Dollar General (NYSE: DG), a publicly traded company with an investment grade credit rating of “BBB” by Standard & Poor’s, has a market cap of $33.35 billion and an annual revenue north of $38.7 billion.
Dollar General Market signed a fifteen-year triple net lease with five, five-year options to extend at 5% increases. Dollar General (NYSE: DG), a publicly traded company with an investment grade credit rating of “BBB” by Standard & Poor’s, has a market cap of $33.35 billion and an annual revenue north of $38.7 billion.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,542 SF
Year Built
2024
Construction Status
Under Construction
Price
£1,857,536
Price Per SF
£176
Net Initial Yield
6.40%
NOI
£118,860
Tenancy
Single
Number of Floors
1
Building FAR
0.33
Land Acres
0.74 AC
Opportunity Zone
Yes
Zoning
NEC - General Commercial
Frontage
206 ft on Fayetteville Road
PROPERTY TAXES
| Parcel Number | 694351301044 | Improvements Assessment | £0 |
| Land Assessment | £22,026 | Total Assessment | £22,026 |
PROPERTY TAXES
Parcel Number
694351301044
Land Assessment
£22,026
Improvements Assessment
£0
Total Assessment
£22,026
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Dollar General | Raeford, NC | 135 N Vass Rd
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