For Sale
$2,221,500

1987 Main StWilliamston, NC 27892

NC Retail Property: Strong NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple interest in a brand-new, 10,542 square-foot Dollar General store located at 1987 W Main St, Williamston, NC 27892. The property sits on a 2.44-acre lot in a high-traffic commercial highway zone, boasting excellent visibility and access with 47 parking spaces. Built in 2024, this single-tenant building benefits from a 15-year absolute NNN lease with a corporate guarantee from Dollar General, a nationally recognized and creditworthy tenant. The lease includes five 5-year renewal options, ensuring long-term income stability. Rent increases of 5% every five years throughout the initial term and at the beginning of each option period provide built-in inflation protection. The property's strong Net Operating Income (NOI) of $147,720 yields a compelling 6.65% cap rate, making it an attractive, low-management investment. The property's location within a dense retail corridor, near schools, and on a signalized intersection further enhances its investment potential. This is a truly passive investment opportunity with zero landlord responsibilities. The asking price is $2,221,500.

Highlights

  • Brand new Dollar General, 10,542 SF, on a 2.44-acre lot, with a 15-year NNN lease and five 5-year options.
  • Fee simple ownership with zero landlord responsibilities; absolute NNN lease.
  • Strong demographics within a 5-mile radius.
  • High-visibility corner lot with signalized intersection and 47 parking spaces.
  • Located in a dense retail corridor near schools; strong national tenant (Dollar General).

Property Details for 1987 Main St

Property type
Retail properties, Retail space
Square Feet
10,542 SF
Year Built
2024
Buildings
1
Lot Size (sq. ft)
106,286 SF

Location Insight

City
Williamston
County
Martin
State
North Carolina
Latitude
35.8394186
Longitude
-77.0868051
1987 Main St, Williamston, North Carolina

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1987 Main St
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