DOLLAR GENERAL | BETHLEHEM, NORTH CAROLINA

Purchase Price
$1,108,571
Location
9312 N.C. Hwy 127
Cap Rate
7.00%
Annual Rent
$77,600.00
Building Size
9,100 SF
Land Area
1.06 Acres
Ownership
Fee Simple
Lease Type
NN
Term Remainning
6.5 Years
LEASE EXPIRATION
12/31/2027
Renewal Options
Two (2) - Five (5) Year
RENT INCREASES
10% at Options
Parking
39 Spaces
Year Built
2005
APN
0005417
Traffic Counts
15,433 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • Approximately 6.5 Years Remaining in the Current Term
  • 2005 Construction Build-to-Suit Dollar General
  • Two (2) - Five (5) Year Option Periods with 10% Rental Increases
 

RECENT LEASE EXTENSION | COMMITMENT TO LOCATION:

  • Dollar General Recently Extended the Lease Through December 31, 2027
 

NN LEASE:

  • Landlord Responsibilities Limited to Roof, Parking Lot & HVAC
  • Brand New Roof Installed In 2019
  • In 2013, All Four (4) HVAC Units Were Replaced
  • Tenant is Responsible for Entire Cost of Minor Repairs (Any Repairs Less than $1,000 Per Occurrence)
  • Tenant is Responsible for the First $1,000 of Major Repairs (Any Repairs Costing More than $1,000 Per Occurrence)
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population = 2,154 Residents
  • 1-Mile Average Household Income = $112,386
  • 3-Mile Population = 13,656 Residents
  • 3-Mile Average Household Income = $114,128
  • 5-Mile Population = 43,489 Residents
  • 5-Mile Average Household Income = $88,585
  • 7-Mile Population = 80,155 Residents
  • 7-Mile Average Household Income = $78,362
 

TENANT:

  • Dollar General (NYSE: DG) Features Investment Grade Credit "BBB" by Standard & Poor's
  • 17,426 Stores in 46 States as of April 30, 2031
  • Dollar General Achieved Their 31st Consecutive Year of Positive Same-Store Sales Growth in 2020
  • Ranked #91 on the Fortune 500 List - Up 21 Spots from Last Year (Dollar General has Moved Up the Fortune 500 Rankings for 12 Consecutive Years)

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