11185 Us-301Lumberton, NC 28360

Property Details for 11185 Us-301

Year built

2024

Lot size

2.34 AC

Property size (Sq ft)

10,640 SF

Property type

Retail properties

Property subtype

Drug stores

Description

This exceptional investment opportunity presents a fee-simple interest in a brand-new, 10,640-square-foot Dollar General located at 11185 US-301, Lumberton, North Carolina, 28360. Built in 2024, this single-story building sits on a 2.34-acre lot and offers 40 parking spaces. The property boasts a 15-year absolute NNN lease with a credit-rated, corporate-guaranteed tenant, Dollar General, providing minimal landlord responsibilities. Rent commences in November 2024 and includes 10% rent bumps at each of the five-year lease option periods. The asking price is $2,130,000, representing a price per square foot of $200.19 and a 6.75% cap rate, with a current NOI of $143,723. The property benefits from its strategic location near I-95 and Magnolia Elementary School, and enjoys strong average household incomes within a five-mile radius ($80,368, $90,975, and $96,086 respectively). This investment offers exceptional stability and growth potential, backed by a financially sound tenant with over 20,000 locations nationwide. The property's proximity to major roadways and a strong local demographic profile further enhance its long-term value. This is a rare opportunity to acquire a high-quality, net-leased retail property with a strong tenant and favorable lease terms.

Location Insight

City

Lumberton

County

Robeson

State

North Carolina

Latitude

34.7154

Longitude

-79.0022

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