Listed by Matthews
$2,379,882
Dollar General - Part of a 3 Property Portfolio
Details
APN 510-279399
Property Type Retail
Sub Type Convenience Store, QSR/Fast Food
Square Footage 9,014
Cap Rate 8.5%
NOI $202,290
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Walgreens
Lease Type NN
Lease Term 25
Lease Expiration 07/31/2031
Remaining Term 5
Rent Bumps Yes
Lease Options One, 5-Year
Price per SqFt $264
Broker Co-Op True
Year Built 2006
Buildings 1
Stories 1
Acreage 0.910
Zoning Misc. Commercial
Parking Spaces 37 spaces
Parking per 1,000 SqFt 4.10
Investment Type Value Add
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 08/01/2006
Occupancy Date 08/01/2006
Ground Lease No
Ownership Fee Simple
Part of a 3 Property Portfolio | NN | 5+ Years
Investment highlights
- 5+ Years of Term Remaining on all primary leases, with multiple extension options featuring 10% rent increases.
- Demonstrated Tenant Commitment – Options exercised at two locations (Fayetteville will notify the landlord on or before 7/2/2026).
- Corporate Guarantee by Dollar General, a Fortune 500 company with an S&P BBB credit rating.
- Below-Market Rents – 25–40% below systemwide averages, supporting long-term tenant retention.
- 10%+ Cash-on-Cash Return Potential on an investment-grade credit portfolio (contact broker for details).
- Strong Foot Traffic at all three sites, per Alphamaps data.
- Built-to-Suit NN Leases with buildings in good condition, with tenant providing CAM contributions (Parking lot Maintenance) in addition to base rent.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$202,290.00
$16,857.50/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
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