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Dollar General Market
Retail | 6.60% CAP | 10,640 SF
Listing Contacts
See All (3)
License: NC NC 317771
License: NC 280948
Active
Asking Price: $2,324,000
Address
4290 Clingman Rd, Ronda, NC 28670
Show on MapDate Added
Nov 13, 2024
Days on Market
162 days
Time Since Last Update
2 days
Details
Property TypeRetail
SubtypeConvenience Store
Investment TypeNet Lease
Lease TypeAbsolute NNN
Tenant CreditCredit Rated
TenancySingle
Brand/TenantDollar General
Lease Term15 years
Lease Commencement05/11/2025
Lease Expiration05/31/2040
Remaining Term15.1 years
Square Footage10,640
Cap Rate6.60%
NOI$153,396
Year Built2024
Buildings1
Stories1
Lot Size (acres)2
Parking (spaces)37
Rent Bumps5% every 5 years
Broker Co-OpYes
Lease Options5, 5 year
INTELLIGENCEInvestment Highlights
• 2025 brand new construction | Fresh 15-year term
• New Dollar General lease structure with 5% rent increases every 5 years
• Strategically located off NC Hwy 421 | 17,000 VPD | Major highway that runs from Chicago to Wilmington and serves as a primary thoroughfare for NC travelers
• Absolute Net lease | Zero landlord responsibilities
• Corporate guaranteed lease | Dollar General Corporation | 20,274 locations nationwide
• Investment grade credit | Baa2/BBB
• Limited competition in the surrounding area | Nearest Dollar General is over 10 minutes away
• Large parcel | 2.00 acres
• 12 miles from Hugh Chatham Memorial Hospital | 81 beds
• Less than 10 minutes from East Wilkes High School | 495 students
• Approx. 40 minutes Winston-Salem & nearly 1 hour from Charlotte
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$153,396.00
$12,783.00/mo
Valuation Metrics
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0
DSCR
6.6%
Cap Rate
6.6%
ROI
Property History
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Due Diligence
Listing Contacts
See All (3)- License: NC NC 317771
- License: NC 280948
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Additional Information
Additional Information
Broker Name
Al Dickens
Broker License
NC NC 317771
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