DOLLAR GENERAL | DEEP GAP, NORTH CAROLINA

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
Five (5) - Five (5) Year
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)

contact us

  • Hidden