For Sale
$1,075,000

2526 Blacksburg RdGrover, NC 28073

High-Yield Net Lease Retail Property

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 9,026 square foot Dollar General storefront located at 2526 Blacksburg Rd, Grover, NC 28073. Built in 2015, this property sits on a 2-acre lot and boasts a strong 7.25% cap rate, generating a net operating income (NOI) of $77,836. Currently operating at 100% occupancy under a single-tenant net lease with Dollar General, the property offers significant long-term stability. The lease features a 15-year term expiring in 2030, with five remaining 5-year options, each including a 10% rent increase. This strategic location across from the Orinco Oil plant benefits from high traffic and a lack of competing retailers, ensuring consistent customer flow. The property's size and prime location make it an ideal investment for those seeking a stable, high-yielding retail asset in a growing market. The asking price is $1,075,000. This is a turnkey investment opportunity with a proven track record and significant upside potential. The property's strong tenant, long-term lease, and favorable location combine to create a compelling investment proposition. Don't miss this chance to acquire a high-performing retail asset in a desirable location.

Highlights

  • 9,026 SF Dollar General storefront on a 2-acre lot in Grover, NC.
  • Built in 2015, with a 15-year lease (2030 expiration) plus five 5-year options, each with a 10% rent increase.
  • Strong 7.25% cap rate, generating $77,836 NOI.
  • 100% occupancy under a single-tenant net lease with Dollar General.
  • Asking price: $1,075,000.

Property Details for 2526 Blacksburg Rd

Property type
Retail properties, Retail space
Square Feet
9,026 SF
Year Built
2015
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Grover
County
Cleveland
State
North Carolina
Latitude
35.2096461
Longitude
-81.5313318
2526 Blacksburg Rd, Grover, North Carolina

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2526 Blacksburg Rd
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