DOLLAR GENERAL | KINGS MOUNTAIN, NORTH CAROLINA
INVESTMENT SUMMARY
Purchase Price
$1,373,051
Location
1103 Shelby Rd
Cap Rate
6.85%
Annual Rent
$94,054.08
Building Size
9,090 SF
Land Area
1.139 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
4.00 Years
LEASE EXPIRATION
4/30/2030
Renewal Options
RENT INCREASES
10% at Options
Parking
44 Spaces
Year Built
2015
APN
11963
Traffic Counts
11,180 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE GUARANTEED LEASE:
- Approximately 4 Years Remaining in the Initial 15 Year Lease Term
- 2015 Construction - Build-to-Suit Dollar General
- 9,090 SF Building | 1.139 Acre Parcel
- Five (5) - Five (5) Year Option Periods at 10% Rent Increases
ABSOLUTE NNN LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Reimburses Property Taxes
PROXIMITY FROM KINGS MOUNTAIN, NC:
- Gastonia, NC | 11 Miles
- Charlotte, NC | 34 Miles
- Rock Hill, SC | 35 Miles
- Spartanburg, SC | 46 Miles
- Greenville, SC | 71 Miles
- Asheville, NC | 91 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile Population = 3,997 Residents | $82,923 Average Household Income
- 3-Mile Population = 16,091 Residents | $73,582 Average Household Income
- 5-Mile Population = 25,878 Residents | $76,717 Average Household Income
- 7-Mile Population = 48,295 Residents | $79,350 Average Household Income
- 10-Mile Population = 114,379 Residents | $76,928 Average Household Income
TENANT:
- Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
- Ranked #112 on the Fortune 500 List
- 20,959 Stores in 48 States

