Dollar General Anchored Retail | Stokesdale, NC
Dollar General Anchored | 8.25% CAP | 12,496 SqFt
Marketing description
Lee & Associates is pleased to present 8302 Belews Creek Road, a stabilized multi-tenant retail investment opportunity in Stokesdale, North Carolina. The property is anchored by Dollar General, occupying 10,675 square feet as the primary daily-needs retailer for the surrounding community, alongside Village Pizza at 1,575 square feet and a SECU ATM that enhances on-site traffic and convenience. Dollar General has two remaining five-year renewal options, supporting long-term income stability. The asset generates a current NOI of $115,132 and is offered at a 8.25% cap rate, equating to an asking price of $1,395,551, presenting investors with a secure, necessity-based retail investment in a growing northwest Guilford County trade area.
Location: 8302 Belews Creek Road is strategically positioned in northern Guilford County within the growing community of Stokesdale, NC. The property offers convenient access to NC Highway 65 and is just minutes from US-158 and NC-68, providing direct connectivity to major corridors including I-73 and I-840. Its location places it approximately 15 minutes from Greensboro and Kernersville and about 25 minutes from Winston-Salem.
Investment highlights
- 12,496 SF Multi-tenant retail building
- 7.79 Acres
- Built in 2007
- Expenses (past 3 year average): $18,941
- NOI: $115,133
- Cap Rate: 8.25%
- Sale price: $1,395,551
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