406 Paragon PkwyClyde, NC 28721

This exceptional investment opportunity presents a single-tenant, net-leased Dollar Tree convenience store located at 406 Paragon Pkwy, Clyde, NC 28721, within the Asheville, NC MSA. The property boasts 10,044 square feet on a 1.09-acre lot and was newly constructed in 2023. The building features a single story and is zoned for commercial use. The property benefits from a strong 10-year lease commencing March 16, 2023, and expiring March 31, 2033, leaving approximately 8.4 years remaining. The lease is a triple-net (NNN) lease with a credit-rated, corporate-guaranteed tenant, providing significant security and minimizing landlord responsibilities. The asking price is $2,912,754, translating to a price per square foot of $290 and a compelling 6.50% cap rate based on a current Net Operating Income (NOI) of $189,329. The property enjoys 100% occupancy since its opening on March 16, 2023. Its location on Hwy 74/19 (Paragon Pkwy) benefits from a high volume of daily traffic, estimated at approximately 38,000 vehicles. This investment is ideally suited for those seeking a stable, recession-resistant, and e-commerce-resistant asset with a long-term lease and strong tenant.