DOLLAR GENERAL | BUTNER, NORTH CAROLINA
INVESTMENT SUMMARY
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
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

