Skip to content

DOLLAR GENERAL | ZIRCONIA, NORTH CAROLINA

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
Five (5) - Five (5) Year
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

contact us

  • This field is hidden when viewing the form