For Sale
$1,525,000

2961 Boomer RdBoomer, NC 28606

High-Yield NNN Retail Property in NC

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 9,100 square foot Dollar General storefront in Boomer, NC, built in 2019. The property boasts a 15.1-year absolute NNN lease with a corporate guarantee and 9.7 years remaining. The lease features five 5-year options with a 10% rent increase at the beginning of each. The property enjoys a strong location with over 6,000 vehicles per day passing the intersection, serving a population exceeding 5,000 within a 5-mile radius and average household incomes exceeding $61,000. The asking price is $1,525,000, representing a 6.84% cap rate and a price per square foot of $167.58. The property sits on a 1.53-acre lot and generates a net operating income (NOI) of $104,256. This is a low-maintenance, high-return investment with a strong tenant and long-term lease. The property's location is 9.2 miles from Wilkesboro, NC and 35.5 miles from Hickory, NC. The tenant enjoys a S&P credit rating of "BBB". This is a turnkey investment with minimal landlord responsibilities. The property's 100% occupancy ensures a consistent income stream.

Highlights

  • 15-Year NNN Lease, 9+ Years Remaining, Zero Landlord Responsibilities.
  • 2019 Construction, Corner Lot.
  • Corporate Guarantee, S&P BBB Credit Rating.
  • 10% Rent Increases at Each Option Period.
  • 5-Mile Radius Population Exceeds 5,000.
  • Average Household Income Exceeds $61,000 within 5-Mile Radius.

Property Details for 2961 Boomer Rd

Property type
Retail properties, Retail space
Square Feet
9,100 SF
Year Built
2019
Buildings
1
Lot Size (sq. ft)
66,647 SF

Location Insight

City
Boomer
County
Wilkes
State
North Carolina
Latitude
36.068185775994
Longitude
-81.254801695438
2961 Boomer Rd, Boomer, North Carolina

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2961 Boomer Rd
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