Dollar General for Sale in Jacksonville, NC
Jacksonville, NC
Key Investment Metrics
Price
$2,409,700
Cap Rate
6.5%
Net Operating Income
$156,630
Building Size
10542 SF
Land Area
1.27 Acres
Remaining Term
12.4 years
Lease Expiration
11/30/2038
Lease Term
15 years
Lease Commencement
11/24/2023
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2023
Occupancy
100%
Tenancy
Single
Rent Increases
Five 5-year renewal options with ~10% bumps at each option period
Property overview
Dollar General in Jacksonville
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 10,542 SF
- Land area
- 1.27 acres
- Year built
- 2023
- Lease type
- Absolute NNN
- Lease expiration
- 11/30/2038
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.