DOLLAR GENERAL | JAMESVILLE, NORTH CAROLINA
INVESTMENT SUMMARY
Purchase Price
$1,050,000
Location
1071 NC Hwy 171
Cap Rate
6.74%
Annual Rent
$70,812.00
Building Size
9,100 SF
Land Area
1.21 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
8.5 Years
LEASE EXPIRATION
9/30/2029
Renewal Options
RENT INCREASES
10% at Options
Parking
38 Spaces
Year Built
2014
APN
04-003500
Traffic Counts
2,687 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- Approximately 8.5 Years Remaining in the Initial 15 Year Lease Term
- 2014 Construction - 9,100 SF
- Four (4) - 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
- Ideal, Management-Free Investment for an Out-of-State, Passive Investor
PROXIMITY TO OTHER CITIES:
- Greenville, North Carolina | 38 Miles - 46 Minute Drive
- Rocky Mount, North Carolina | 56 Miles - 53 Minute Drive
- Jacksonville, North Carolina | 90 Miles - 1 Hour: 35 Minute Drive
- Chesapeake, Virginia | 96 Miles - 1 Hour: 41 Minute Drive
- Raleigh, North Carolina | 113 Miles - 1 Hour: 42 Minute Drive
- Durham, North Carolina | 138 Miles - 2 Hour: 11 Minute Drive
TRADE AREA DEMOGRAPHICS:
- 3-Mile Population = 1,417 Residents
- 3-Mile Average Household Income = $84,907
- 5-Mile Population = 2,580 Residents
- 5-Mile Average Household Income = $82,627
- 7-Mile Population = 3,866 Residents
- 7-Mile Average Household Income = $79,749
TENANT:
- Dollar General (NYSE: DG) Features Investment Grade Credit "BBB" by Standard & Poor's
- 17,000 Stores in 46 States as of November 14, 2020
- Dollar General Achieved Their 31st Consecutive Year of Positive Same-Store Sales Growth in 2020
- Ranked #112 on the Fortune 500 List - Up 7 Spots from Last Year (Dollar General has Moved Up the Fortune 500 Rankings for 11 Consecutive Years)
- In 2021 Dollar General Plans to Execute 2,900 Real Estate Projects, Including 1,050 New Store Openings, 1,750 Store Remodels, and 100 Store Relocations