For Sale
$2,130,000

11185 Us-301Lumberton, NC 28360

Lumberton, NC: New, 15-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple interest in a brand-new, 10,640-square-foot Dollar General located at 11185 US-301, Lumberton, North Carolina, 28360. Built in 2024, this single-story building sits on a 2.34-acre lot and offers 40 parking spaces. The property boasts a 15-year absolute NNN lease with a credit-rated, corporate-guaranteed tenant, Dollar General, providing minimal landlord responsibilities. Rent commences in November 2024 and includes 10% rent bumps at each of the five-year lease option periods. The asking price is $2,130,000, representing a price per square foot of $200.19 and a 6.75% cap rate, with a current NOI of $143,723. The property benefits from its strategic location near I-95 and Magnolia Elementary School, and enjoys strong average household incomes within a five-mile radius ($80,368, $90,975, and $96,086 respectively). This investment offers exceptional stability and growth potential, backed by a financially sound tenant with over 20,000 locations nationwide. The property's proximity to major roadways and a strong local demographic profile further enhance its long-term value. This is a rare opportunity to acquire a high-quality, net-leased retail property with a strong tenant and favorable lease terms.

Highlights

  • $2,130,000 asking price for a new, 10,640 SF Dollar General in Lumberton, NC.
  • Absolute NNN lease with a credit-rated, corporate-guaranteed tenant.
  • 15-year lease term remaining with 5-year renewal options at 10% rent increases.
  • 6.75% cap rate and $143,723 annual NOI.
  • Located near I-95 and Magnolia Elementary School, with strong surrounding demographics.

Property Details for 11185 Us-301

Property type
Retail properties, Drug stores
Square Feet
10,640 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
101,930 SF

Location Insight

City
Lumberton
County
Robeson
State
North Carolina
Latitude
34.7153638
Longitude
-79.0021577
11185 Us-301, Lumberton, North Carolina

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11185 Us-301
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