Listed by Noble Commercial Real Estate Group
$864,355
Dollar General - For Sale - 6.75 Cap Onslow County Nc
Details
APN 046722
Property Type Retail
Sub Type Storefront
Square Footage 9,020
Net Rentable (SqFt) 9,020
Units 1
Cap Rate 6.75%
NOI $58,344
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NNN
Lease Term 25.4
Lease Expiration 09/30/2029
Remaining Term 3.3
Rent Bumps Yes
Lease Options 2
Broker Co-Op Yes
Class B
Year Built 2004
Year Renovated 2022
Buildings 1
Stories 1
Acreage 1.180
Parking Spaces 32 spaces
Parking Per SqFt 3.55
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/11/2004
Occupancy Date 05/11/2004
Ground Lease No
Sale Condition 1031 exchange
Retail | 6.75% CAP | 9,020 SqFt
Marketing description
-Current lease extension expires 3Q2029. Tenant has two 5 year renewal options remaining.
-Original tenant lease execution was 2004.
-Landlord recently resealed and re-striped the parking lot.
-8% rent bump every 5 year renewal period.
-Current base rent is $58,344 annually.
Please submit an NDA completed with your inquiry to receive the Offering Memorandum for the property.
Listing Contacts
Listed by Noble Commercial Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$58,344.00
$4,862.00/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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