DOLLAR GENERAL | BESSEMER CITY, NORTH CAROLINA



INVESTMENT SUMMARY

Purchase Price
$1,326,416

Location
4425 Dallas Cherryville Hwy

Cap Rate
6.25%

Annual Rent
$82,901.04

Building Size
9,026 SF

Land Area
5.15 Acres

Ownership
Fee Simple

Lease Type
Absolute NNN

Term Remainning
8 Years

LEASE EXPIRATION
05/31/2031

Renewal Options

RENT INCREASES
10% at Options

Parking
37 Spaces

Year Built
2016

APN
200901

Traffic Counts
11,633 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- 8 Years Remaining in the Initial 15 Year Lease Term (Lease Exp: 05/31/2031)
- 2016 Build to Suit Construction - 9,026 SF
- Five (5) - Five (5) Year Option Periods with 10% Rental Increases
- Large Parcel - 5.15 Acres
ABSOLUTE NNN LEASE:
- Absolute NNN Lease
- Tenant Pays for ALL Operating Expenses, Insurance & Reimburses Landlord for Property Taxes
LOCATION:
- Located on Dallas Cherryville Highway
- Traffic Counts of Approximately 11,633 Vehicles Per Day
PROXIMITY FROM BESSEMER CITY, NORTH CAROLINA:
- Gastonia, NC | 6 Miles
- Charlotte, NC | 27 Miles
- Greenville, SC | 75 Miles
- Columbia, SC | 106 Miles
- Johnson City, TN | 116 Miles
- Greensboro, NC | 116 Miles
- Raleigh, NC | 185 Miles
- Atlanta, GA | 220 Miles
- Charleston, SC | 223 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile: 827 Residents | $95,566 Average Household Income
- 3-Mile: 7,092 Residents | $90,713 Average Household Income
- 5-Mile: 22,574 Residents | $81,623 Average Household Income
- 7-Mile: 54,650 Residents | $73,421 Average Household Income
TENANT:
- Dollar General Corporation (NYSE: "DG")
- Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
- 19,147 Stores in 47 States as of March 3, 2023
- Ranked #106 on the Fortune 500 List