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Dollar General 3826 NC Hwy 16 N

10,640 SF Retail Building Crumpler, NC 28617 £1,125,418 (£106/SF) 7% Net Initial Yield

Investment Highlights

  • NNN 15 year initial term lease with 5 - 5 year options
  • 10% rent increase at each option period
  • 7% CAP

Executive Summary

This store in Crumpler, NC opened Dec 16, 2022 with a 15 year initial term lease with 5 - 5 year options. There is a 10% rent increase at each option period. The monthly rental income is $8,381.13 with a yearly rental income of $100,573.56. The offering CAP is 7% and the Sales Price is $1,436,765. Crumpler is located in northwestern part of North Carolina in Ashe County. There are around 2,000 people that live in Crumpler.

Dollar General store # 24229
3826 Highway 16 N
Crumpler, NC 28617

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
10,640 SF
Building Class
B
Year Built
2022
Price
£1,125,418
Price Per SF
£106
Net Initial Yield
7%
NOI
£78,779
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Lot Size
3.13 AC
Zoning
CS - Commercial
Parking
32 Spaces (0.47 Spaces per 1,000 SF Leased)
Frontage
185 ft on North Carolina 16
1 of 1
(256) 520-5000

Contact

  • Listing ID: 33661656

  • Date on Market: 28/10/2024

  • Last Updated:

  • Address: 3826 NC Hwy 16 N, Crumpler, NC 28617

The Retail Property at 3826 NC Hwy 16 N, Crumpler, NC 28617 is currently available for sale. Contact LHT Commercial Real Estate for more information.

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Dollar General | 3826 NC Hwy 16 N
(256) 520-5000 x

Dollar General | 3826 NC Hwy 16 N

Jonathan Broadway

(256) 520-5000

(256) 520-5000

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