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Marketing Description
Fortis Net Lease is pleased to present this 9,002 SF Dollar General upgraded store
located in Winnabow, NC. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving Zero landlord responsibilities. The lease contains Five (5) Yr. Options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is completing construction with rent commencing in March 2019.
This Dollar General is highly visible as it is strategically positioned on Bell Swamp Road and Ocean Highway E which has a traffic count of 19,000 cars per day. The ten mile population from the site exceeds 36,500, while the three mile median household income exceeds $49,300 per year, making this location perfect for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 6.25% cap rate based on NOI of $104,568.00.
Investment Highlights
- Absolute NNN Lease | Zero Landlord Responsibilities
- Upgraded Store
- 15 Year Term | Five (5 Year) Options
- Three Mile Household Income $49,300
- Ten Mile Population Exceeds 36,500
- 19,000 Cars Per Day on Ocean Highway E
- 3 Mile Growth Rate 8.67%
- Dollar General Reported 28 Consecutive Quarter of Same Store Sales Growth
- Just 18 Miles from Wilmington, NC a Popular Tourist Destination
- Only Dollar Store in Town
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Contact Information
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Ownership Information
Zoning
CLD CommercialGeneral CommercialCommercial Low Density
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View all 148 uses Last updated Feb 9, 2026 For deeper zoning details, reports are available at Zoneomics
Property Details
Contacts
Listing removed on
BY:
Bryan Bender PRO
•••.•••.3810
•••nder@••••••••••••••.com
Listing removed on
BY:
Ben Schultz
•••.•••.3409
••••ultz@••••••••••••••.com
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