18231 Nc-109Denton, NC 27239

  • Retail properties
  • 12,480 SF
For Sale
$2,536,000 View listing

Property Details for 18231 Nc-109

Year built
2024
Lot size
1.95 AC
Property size (Sq ft)
12,480 SF
Property type
Retail properties
Property subtype
Other retail properties

Description

This exceptional investment opportunity presents a 12,480-square-foot Dollar General Market in Denton, NC, situated on a 1.95-acre lot. The property boasts a new construction, completed in 2024, featuring Dollar General's "next-gen" design, incorporating fresh produce, meats, and other groceries alongside their standard merchandise. This is a single-tenant, absolute NNN lease with a corporate guarantee from Dollar General, a Fortune 500 company with an S&P investment-grade credit rating. The lease commenced June 30, 2024, and has a remaining term of approximately 14.6 years, extending to June 30, 2039, with five, 5-year options. Rent increases by 5% every five years throughout the initial term and options, ensuring consistent income growth. The asking price is $2,536,000, representing a price per square foot of $203.21 and a 6.60% cap rate based on a net operating income (NOI) of $167,328. The property is located in the Winston-Salem MSA, the second-largest city in the Piedmont Triad region of North Carolina, a thriving area with strong economic fundamentals and a diverse population. This location benefits from proximity to major transportation routes, numerous businesses, and educational institutions, including Wake Forest University. The tenant is fully responsible for all operating expenses, including taxes, insurance, common area maintenance (CAM), roof, and building structure. This is a strong, low-risk investment with a highly reputable tenant and a long-term lease.

18231 Nc-109, Denton, North Carolina

Location Insight

City
Denton
County
Davidson
State
North Carolina
Latitude
35.6265
Longitude
-80.1087

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