912 Vicksboro RdHenderson, NC 27537

Property Details for 912 Vicksboro Rd

Year built

2023

Lot size

2.36 AC

Property size (Sq ft)

10,542 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple, Class A, single-tenant, absolute NNN leased property occupied by a Dollar General and Family Dollar. Located at 912 Vicksboro Rd, Henderson, NC 27537, this 10,542 square foot building sits on a 2.36-acre lot and boasts a strong 6.70% cap rate with a substantial NOI of $135,492. The property benefits from a 15-year lease commencing January 26, 2024, and expiring January 31, 2039, providing significant long-term stability. The lease includes 10% rent bumps every five years, further enhancing the investment's return. Built in 2023, this new construction features Dollar General's upgraded prototype and comes with warranties. The property's strategic location on Vicksboro Rd, a main commuter route near Highway 1, and its proximity to residential areas ensures high visibility and consistent customer traffic. The tenant, backed by a corporate guarantee, enjoys a strong market position, with a competing Dollar Tree store nearby performing exceptionally well. This is a turnkey investment with minimal landlord responsibilities, offering a compelling combination of strong cash flow, long-term lease security, and significant upside potential. The property is offered as a fee-simple ownership.

Location Insight

City

Henderson

County

Vance

State

North Carolina

Latitude

36.3143

Longitude

-78.3637

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