Dollar General for Sale in Butner, NC
Butner, NC
Key Investment Metrics
Price
$824,320
Cap Rate
7.5%
Net Operating Income
$61,824
Building Size
9100 SF
Land Area
0.88 Acres
Remaining Term
5.2 years
Lease Expiration
09/30/2031
Lease Term
10 years
Lease Commencement
11/17/2005
Lease Type
NN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2006
Occupancy
100%
Tenancy
Single
Rent Increases
12% at Options
Property overview
Dollar General in Butner
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 9,100 SF
- Land area
- 0.88 acres
- Year built
- 2006
- Lease type
- NN
- Lease expiration
- 09/30/2031
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.