DOLLAR GENERAL | BESSEMER CITY, NORTH CAROLINA

Purchase Price
$1,140,000
Location
4425 Dallas Cherryville Hwy
Cap Rate
7.27%
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
Five (5) - Five (5) Year
RENT INCREASES
10% at Options
Parking
37 Spaces
Year Built
2016
APN
200901
Traffic Counts
11,633 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • 7.25 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: 931 Residents | $96,507 Average Household Income
  • 3-Mile: 7,323 Residents | $92,348 Average Household Income
  • 5-Mile: 22,725 Residents | $82,877 Average Household Income
  • 7-Mile: 54,623 Residents | $75,300 Average Household Income
 

TENANT:

  • Dollar General Corporation (NYSE: "DG")
  • Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
  • 19,726 Stores in 48 States as of November 3, 2023
  • Ranked #108 on the Fortune 500 List

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