For Sale
$2,208,000

1112 Old Stage RdYadkinville, NC 27055

High-yield NNN retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a brand-new, 10,542-square-foot Dollar General Plus convenience store located at 1112 Old Stage Rd, Yadkinville, NC 27055. Built in 2024, the property sits on a 2-acre lot with 36 parking spaces and boasts a prominent location at the hard corner intersection of Hwy 601 and Old Stage Rd, ensuring high visibility and accessibility. The property features a 15-year absolute NNN lease (commencing August 2, 2024, and expiring August 31, 2039) with a strong corporate guarantee from Dollar General Corporation, a company with over 19,414 locations across North America and an investment-grade credit rating of Baa2/BBB. The lease includes a 5% rent increase every five years, providing consistent income growth. The current net operating income (NOI) is $143,484, resulting in a compelling 6.50% cap rate. The property benefits from its proximity to major transportation routes (less than 5 minutes from US Hwy 421, with 20,500 vehicles per day), significant employers (Unifi and B&G Foods), and a strong retail environment including Tractor Supply, CVS, and other national brands. This is a truly passive investment with zero landlord responsibilities, offering a secure and lucrative return for investors. The property's location in Yadkinville, the county seat of Yadkin County, further enhances its value and long-term potential.

Highlights

  • New Dollar General lease with 5% rent increases every 5 years.
  • 2024-built, 15-year NNN lease.
  • High visibility at Hwy 601 & Old Stage Rd intersection.
  • Absolute NNN lease; passive investment.
  • Corporate lease guaranteed by Dollar General Corporation.
  • Investment-grade credit rating (Baa2/BBB).

Property Details for 1112 Old Stage Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,542 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Yadkinville
County
Yadkin
State
North Carolina
Latitude
36.0879389
Longitude
-80.6492073
1112 Old Stage Rd, Yadkinville, North Carolina

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1112 Old Stage Rd
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