17340 Andrew Jackson HwyLaurinburg, NC 28352

Property Details for 17340 Andrew Jackson Hwy

Year built

2024

Lot size

2.45 AC

Property size (Sq ft)

10,640 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a newly constructed, 10,640 square foot Dollar General located at 17340 Andrew Jackson Hwy, Laurinburg, NC 28352. The property sits on a 2.45-acre lot and boasts a 15-year absolute NNN lease with a corporate guarantee from Dollar General, a Fortune 500 company with over 19,000 locations nationwide. The lease commenced October 20, 2024, and includes five 5-year renewal options, each with a 5% rent increase. The current annual net operating income (NOI) is $136,740, yielding a compelling 6.65% cap rate. This Class A property benefits from excellent visibility and high traffic counts due to its strategic location near major roadways and significant population centers, including Scotland High School (over 1,350 students), St. Andrews University (approximately 1,000 students), and South Johnson Elementary School (over 600 students). Furthermore, the property's proximity to the Laurinburg-Maxton Airport and the new So-Pak-Co facility, a $85 million project creating 440 jobs and a $1.5 billion state economic impact, ensures strong long-term growth potential. The property is a single-story building constructed in 2024, offering a low-maintenance, passive investment opportunity with significant upside potential. This is a fee-simple ownership offering a secure, long-term investment with built-in rent escalations.

Location Insight

City

Laurinburg

County

Scotland

State

North Carolina

Latitude

34.7901

Longitude

-79.5078

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].