For Sale
$1,332,913

3701 Legion RdHope Mills, NC 28348

High-Yield NC Retail Property, 1.4 Years Remaining

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a single-tenant, 9,026 square foot Dollar General store located at 3701 Legion Rd, Hope Mills, NC 28348. The property, built in 2011, sits on a 0.68-acre lot and boasts a 7.00% cap rate with a current NOI of $93,303. The lease, a Net Lease (NN) with a corporate guarantee, features a remaining term of 1.4 years, expiring April 30, 2026, and includes five, five-year renewal options with a 10% rent increase at each renewal. The property is 100% occupied and benefits from excellent demographics, with a population of 106,059 within a five-mile radius. The asking price is $1,332,913, translating to $147.67 per square foot. Landlord responsibilities include exterior maintenance, roof, and parking lot. The strategic location on Legion Road provides high visibility and convenient access to I-95. This is a strong, passively managed investment with a proven tenant and significant upside potential through lease renewals. The property is part of a larger portfolio of nine net-leased retail properties, available for purchase as a whole.

Property Details for 3701 Legion Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,026 SF
Year Built
2011
Buildings
1
Stories
1
Lot Size (sq. ft)
29,621 SF
Units
1

Location Insight

City
Hope Mills
County
Cumberland
State
North Carolina
Latitude
34.991363106901
Longitude
-78.923758684686
3701 Legion Rd, Hope Mills, North Carolina

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3701 Legion Rd
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