For Sale
$1,631,215

176 Wadesboro Blvd Mount Gilead, NC 27306

High-yield NNN retail investment in NC

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a brand-new, 12,774-square-foot Dollar General "Market" store in Mt. Gilead, North Carolina. Located on Wadesboro Blvd, a main thoroughfare with a high daily traffic volume of 4,100 vehicles, this property benefits from a prime location within the town. The store, built in 2023, operates under a 15-year net lease (NNN) agreement with a corporate guarantee from Dolgencorp, LLC, commencing January 1, 2023, and expiring December 31, 2037. This leaves a substantial remaining lease term of 13.1 years. The property boasts a 7.65% cap rate and a strong net operating income (NOI) of $124,788, with a price per square foot of $127.70 and an asking price of $1,631,215. The tenant, Dollar General, is an investment-grade credit tenant (S&P BBB rating), with over 20,000 stores nationwide and $38.7 billion in sales in fiscal year 2023. This "Market" store represents a larger prototype with expanded cooler/freezer space, reflecting the company's commitment to the area and the growing demand for fresh produce. The property is zoned commercial and represents an ideal 1031 exchange opportunity. The 100% occupancy commenced January 1, 2023. This is a rare opportunity to acquire a high-performing, stable investment in a strong retail sector.

Highlights

  • Rare Dollar General "Market" store.
  • 15-year NNN lease with corporate guarantee from Dolgencorp, LLC.
  • Prime Mt. Gilead, NC location on Wadesboro Blvd. (4,100 VPD).
  • Relocated "Market" store showcasing strong area commitment.
  • Investment-grade tenant (S&P BBB rating), $38.7B in FY2023 sales, 20,000+ stores nationwide.
  • Ideal 1031 exchange opportunity.

Property Details for 176 Wadesboro Blvd

Property type
Retail properties, Grocery and convenience stores
Square Feet
12,774 SF
Year Built
2023

Location Insight

City
Mount Gilead
County
Montgomery
State
North Carolina
Latitude
35.217255358779
Longitude
-80.005731018382

FAQs

What type of property is this?
Retail property - High-yield NNN retail investment in NC
Where is the retail property located?
The property is located at 176 Wadesboro Blvd Mount Gilead, NC.
What is the asking price?
The asking price for this property is $1,631,215.
What are key features of this property?
This property features: Rare Dollar General "Market" store.; 15-year NNN lease with corporate guarantee from Dolgencorp, LLC.; Prime Mt. Gilead, NC location on Wadesboro Blvd. (4,100 VPD).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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176 Wadesboro Blvd
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