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DOLLAR GENERAL | MADISON, NORTH CAROLINA

Purchase Price
$1,321,863
Location
2951 US-220
Cap Rate
7.35%
Annual Rent
$97,157.00
Building Size
9,100 SF
Land Area
8.22 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
5.50 Years
LEASE EXPIRATION
10/31/2031
Renewal Options
Five (5) - Five (5) Year
RENT INCREASES
10% at Options
Parking
37 Spaces
Year Built
2016
APN
7923-01-19-5710-00
Traffic Counts
26,133 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE GUARANTEED LEASE:

  • Approximately 5.5 Years Remaining in the Initial 15 Year Lease Term
  • 2016 Construction - Build-to-Suit Dollar General
  • 9,100 SF Building | 8.22 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
 

UPGRADED CONSTRUCTION:

  • Brick Front Facade
 

PROXIMITY FROM MADISON:

  • Greensboro, NC | 21 Miles
  • Winston-Salem, NC | 26 Miles
  • Durham, NC | 76 Miles
  • Raleigh, NC | 98 Miles
  • Charlotte, NC | 111 Miles
  • Fayetteville, NC | 122 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile: 557 Residents | $153,643 Average Household Income
  • 1-Mile Annual Population Growth: 1.46%
  • 3-Mile: 4,500 Residents | $109,827 Average Household Income
  • 3-Mile Annual Population Growth: 1.52%
  • 5-Mile: 12,407 Residents | $96,087 Average Household Income
  • 5-Mile Annual Population Growth: 1.42%
  • 7-Mile: 25,075 Residents | $92,506 Average Household Income
  • 7-Mile Annual Population Growth: 1.49%

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