17069 NC-32, Plymouth, NC 27962 For Sale

STRONG TENANT

Dollar General Corporation (NYSE: DG, S&P: BBB) is the nation’s largest small-box discount retailer. The Goodlettsville, Tennessee-based chain has 20,500+ stores across 48 states and Mexico and employs over 185,000 people. The tenant under the lease—Dolgencorp, LLC—is a wholly-owned subsidiary of Dollar General Corporation. Dollar General reported TTM net sales of $40.2 billion, TTM net income of $1.34 billion, and total assets of $31.46 billion as of November 1, 2024. The larger DG Market format serves as a one-stop shop for customers, offering a broad range of grocery options alongside general merchandise.

NNN LEASE WITH CORPORATE GUARANTY

Dollar General’s NNN lease features a corporate guaranty from Dollar General Corporation and ±13.0 years of primary term remaining with a 5% rent increase every 5 years throughout the initial term and in each of the five, 5-year renewal options.

EXCELLENT ACCESS & VISIBILITY

The property is located along NC Highway 32 (2,000 VPD), just feet from Ripp Highway and Terra Ceia Road (1,600 VPD). The site is across from Acre Station Meat Farm.

WASHINGTON COUNTY

Washington County, North Carolina (Population: 10,476) is located in the northeastern part of the state, bordering Virginia. Characterized by its agricultural heritage and small-town atmosphere, the county’s economy is largely driven by agriculture, particularly poultry farming, and related industries like food processing. Other significant employment sectors include manufacturing, particularly textiles and furniture, as well as healthcare and government services. While smaller in population and economic scale compared to other North Carolina counties, Washington County maintains a strong sense of community and relies heavily on its agricultural and manufacturing base for employment opportunities.