1987 Main StWilliamston, NC 27892

Property Details for 1987 Main St

Year built

2024

Lot size

2.44 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 interest in a brand-new, 10,542 square-foot Dollar General store located at 1987 W Main St, Williamston, NC 27892. The property sits on a 2.44-acre lot in a high-traffic commercial highway zone, boasting excellent visibility and access with 47 parking spaces. Built in 2024, this single-tenant building benefits from a 15-year absolute NNN lease with a corporate guarantee from Dollar General, a nationally recognized and creditworthy tenant. The lease includes five 5-year renewal options, ensuring long-term income stability. Rent increases of 5% every five years throughout the initial term and at the beginning of each option period provide built-in inflation protection. The property's strong Net Operating Income (NOI) of $147,720 yields a compelling 6.65% cap rate, making it an attractive, low-management investment. The property's location within a dense retail corridor, near schools, and on a signalized intersection further enhances its investment potential. This is a truly passive investment opportunity with zero landlord responsibilities. The asking price is $2,221,500.

Location Insight

City

Williamston

County

Martin

State

North Carolina

Latitude

35.8394

Longitude

-77.0868

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