For Sale
$1,680,711

5517 Us-21Jonesville, NC 28642

High-yield NNN retail investment

Overview

Added:
Dec 11, 2024
Days on market:
116
This offering presents a fee-simple ownership opportunity in a 10,640-square-foot Dollar General Plus store located at 5517 US-21, Jonesville, NC 28642. Built in 2022 on a 1.91-acre lot, the property boasts a 15-year NNN lease with Dollar General Corporation, a leading discount retailer with an S&P investment-grade credit rating of BBB/Stable. The lease, commencing June 13, 2022, and expiring May 31, 2037, includes five five-year renewal options, each with a 10% rent increase. The property benefits from a prime location with direct frontage to the US Highway 21 and Interstate 77 interchange, ensuring high visibility and accessibility. The current annual net operating income (NOI) is $113,448, representing a 6.75% capitalization rate and a price per square foot of $10.66. The asking price is $1,680,711. This passive investment opportunity offers significant long-term value and stability, backed by a strong tenant and favorable lease terms. The property's essential business nature and corporate guarantee provide a secure and attractive return for investors seeking a low-maintenance, high-yield retail investment. The 100% occupancy further enhances the investment's appeal.

Highlights

  • Fee simple ownership of a 10,640 square foot Dollar General Plus building on a 1.91-acre lot.
  • Investment-grade corporate guarantee (S&P: BBB/Stable).
  • Passive NNN lease structure.
  • 15-year lease with five 5-year renewal options, each with a 10% rent increase.
  • $1,680,711 asking price, 6.75% cap rate, $113,448 NOI.

Property Details for 5517 Us-21

Property type
Retail properties, Retail space
Square Feet
10,640 SF
Year Built
2022
Lot Size (sq. ft)
83,200 SF

Location Insight

City
Jonesville
County
Yadkin
State
North Carolina
Latitude
36.194069516298
Longitude
-80.809246194412
5517 Us-21, Jonesville, North Carolina

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5517 Us-21
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