DOLLAR GENERAL | DEEP GAP, NORTH CAROLINA
INVESTMENT SUMMARY
Purchase Price
$1,510,000
Location
146 W Yuma Ln
Cap Rate
5.55%
Annual Rent
$83,868.00
Building Size
9,100 SF
Land Area
1.05 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
7.25 Years
LEASE EXPIRATION
6/30/2029
Renewal Options
RENT INCREASES
10% at Options
Parking
38 Spaces
Year Built
2014
APN
2951-85-4325-000
Traffic Counts
14,757 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- 7.25 Years of Guaranteed Lease Term
- 2014 Build to Suit Construction
- Five (5) - Five (5) Year Option Periods with 10% Rental Increases
A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
PROXIMITY FROM DEEP GAP, NORTH CAROLINA:
- Boone, North Carolina | 13 Miles
- Hickory, North Carolina | 52 Miles
- Johnson City, Tennessee | 66 Miles
- Winston-Salem, North Carolina | 77 Miles
- Kingsport, Tennessee | 88 Miles
- Asheville, North Carolina | 94 Miles
- Charlotte, North Carolina | 108 Miles
- Knoxville, Tennessee | 171 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile Population = 527 Residents
- 1-Mile Average Household Income = $69,864
- 3-Mile Population = 2,806 Residents
- 3-Mile Average Household Income = $71,559
- 5-Mile Population = 5,936 Residents
- 5-Mile Average Household Income = $73,062
- 7-Mile Population = 12,663 Residents
- 7-Mile Average Household Income = $77,228
TENANT:
- Strong Corporate Guaranty (NYSE: "DG") - Dollar General Corporation is Rated "BBB" by Standard & Poor's
- 18,000 Stores in 46 States as of November 13, 2021
- 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)