DOLLAR GENERAL | ZIRCONIA, NORTH CAROLINA
INVESTMENT SUMMARY
Purchase Price
$1,391,649
Location
1226 Old US 25 Hwy
Cap Rate
6.85%
Annual Rent
$95,328.00
Building Size
9,100 SF
Land Area
1.40 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
9.5 Years
LEASE EXPIRATION
3/31/2035
Renewal Options
RENT INCREASES
10% at Options
Parking
30 Spaces
Year Built
2020
APN
9575-64-3849
Traffic Counts
1,769 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- 9.5 Years of Guaranteed Lease Term Remaining (Lease Exp: 03/31/2035)
- 2020 Build to Suit Construction
- 9,100 SF Building on 1.40 Acre Parcel
- Five (5) - Five (5) Year Option Periods with 10% Rental Increases
ABSOLUTE NNN LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Reimburses Property Taxes
PROXIMITY FROM ZIRCONIA, NORTH CAROLINA:
- Hendersonville, NC | 7 Miles
- Greenville, SC | 31 Miles
- Asheville, NC | 32 Miles
- Johnson City, TN | 90 Miles
- Charlotte, NC | 101 Miles
- Knoxville, TN | 137 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile Population: 738 Residents
- 1-Mile Average Household Income: $111,555
- 3-Mile Population: 5,153 Residents
- 3-Mile Average Household Income: $127,459
- 5-Mile Population: 19,469 Residents
- 5-Mile Average Household Income: $103,705
- 7-Mile Population: 40,114 Residents
- 7-Mile Average Household Income: $96,096
TENANT:
- Dollar General Corporation (NYSE: "DG")
- Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
- Ranked #111 on the Fortune 500 List (2024)
- 20,746 Stores in 48 States

