Dollar General - Net Lease Property for Sale
Albemarle, NC
Key Investment Metrics
Price
$2,374,000
Cap Rate
6.7%
Net Operating Income
$157,896
Building Size
10640 SF
Lot Size
10,640 SF
Land Area
1.9 Acres
Remaining Term
13.7 years
Lease Expiration
09/01/2039
Lease Term
15 years
Lease Commencement
09/02/2024
Lease Type
NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2024
Occupancy
100%
Tenancy
Single
Rent Increases
5% Every 5 Years
About This Dollar General Net Lease Property
This Dollar General NNN (triple net lease) property is located in Albemarle, NC and represents an excellent investment opportunity for commercial real estate investors. The property features 10640 square feet of building space and was built in 2024.
With a cap rate of 6.7%, this Dollar General net lease property offers stable income potential. The asking price is $2,374,000, making it an attractive option for 1031 exchange investors seeking quality Dollar General commercial properties.
Why Invest in Dollar General NNN Properties?
- Stable Income: Dollar General net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Dollar General is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Albemarle, NC Market Overview
Located in Albemarle, NC, this Dollar General property benefits from strong local demographics and market fundamentals. The Albemarle area offers excellent visibility and accessibility, making it an ideal location for Dollar General operations and a solid investment for net lease property buyers.