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DOLLAR GENERAL | BUTNER, NORTH CAROLINA

Purchase Price
$824,320
Location
304 Central Ave
Cap Rate
7.50%
Annual Rent
$61,824.00
Building Size
9,100 SF
Land Area
0.88 Acres
Ownership
Fee Simple
Lease Type
NN
Term Remainning
5.25 Years
LEASE EXPIRATION
9/30/2031
Renewal Options
Three (3) - Five (5) Year
RENT INCREASES
10% at Options
Parking
30 Spaces
Year Built
2006
APN
087605174912
Traffic Counts
11,540 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE GUARANTEED LEASE:

  • Approximately 5.25 Years of Guaranteed Lease Term Remaining (Lease Exp: 09/30/2031)
  • 2006 Construction - Build-to-Suit Dollar General
  • 9,100 SF Building | 0.88 Acre Parcel
  • Three (3) - Five (5) Year Option Periods at 12% Increases in Rent
 

NN LEASE:

  • Landlord Responsibilities Limited to Roof, Structure, HVAC and Parking Lot
  • Tenant Pays $525.82 Per Month ($6,309.84 Per Year) for Parking Lot Maintenance Expenses
  • Tenant Is Responsible for Minor Repairs (Costing Less Than $1,000.00 Per Occurrence) to HVAC System
  • Tenant Is Required to Carry a Quarterly Maintenance Service Contract for the HVAC System
 

PROXIMITY FROM BUTNER, NORTH CAROLINA:

  • Durham, NC | 15 Miles
  • Raleigh, NC | 28 Miles
  • Greensboro, NC | 66 Miles
  • Winston-Salem, NC | 92 Miles
  • Fayetteville, NC | 92 Miles
  • Charlotte, NC | 157 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population = 3,098 Residents
  • 1-Mile Average Household Income = $90,259
  • 3-Mile Population = 12,107 Residents
  • 3-Mile Average Household Income = $114,984
  • 5-Mile Population = 18,983 Residents
  • 5-Mile Average Household Income = $111,737
  • 7-Mile Population = 28,213 Residents
  • 7-Mile Average Household Income =$129,506
 

TENANT:

  • Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
  • Ranked #112 on the Fortune 500 List
  • 21,055 Stores in 48 States

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