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32974642
32974643

1112 Park Springs Road, Providence, NC 27315

JE
DC SP98371724, MD 643676 (+1)
Matthews
BG
MD 5022231
Listed by Matthews
$1,480,286
8 days on market
Updated 8 days ago
Opportunity zone

Dollar General

Details
Property Type Retail
Square Footage 9,100
Cap Rate 7.00%
NOI $103,620
Tenancy Single
Lease Type Absolute NNN
Remaining Term 8.7
Price per SqFt $163
Year Built 2020
Acreage 1.600
Ground Lease No

Corporate Guaranteed Dollar General with 7.00% Cap Rate and Absolute NNN Lease

Investment highlights

• Passive Lease Structure – This is an Absolute NNN Lease, offering a hands-off investment opportunity that minimizes landlord responsibilities. The tenant is 100% responsible for all expenses, including taxes, insurance, and maintenance, resulting in a true passive ownership structure. This creates an optimal investment experience for both local and national investors.

• Corporate Guarantee – The lease is guaranteed by Dollar General Corporation, a Fortune 100 company and the largest dollar store retailer in the nation, with over 20,000 locations across 48 states. Dollar General carries BBB investment-grade long-term credit ratings from S&P's Global. This strong guarantee provides the landlord with a heightened sense of security.

• Strategic Location – Situated along NC Highway 86 just 5 miles south of Danville, VA (pop. ~42,000), the property serves as a key connector between Virginia and North Carolina, linking Chapel Hill, Hillsborough, Yanceyville, and Providence. The site sits within 45 miles of Greensboro, Winston-Salem, Burlington, and Durham, experiencing consistent traffic from both the surrounding Caswell County residential base and regional commuters.

• Recession-Resistant Tenant – Dollar General was classified as an essential retailer during the COVID-19 pandemic, highlighting the defensive, recession-resistant nature of its business model and consistent performance across economic cycles. This site serves as the only major discount retailer in the immediate Providence area and is a vital destination for everyday essentials to the surrounding community.

Listing Contacts

JE
DC SP98371724, MD 643676 (+1)
Matthews
BG
MD 5022231
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$103,620.00
$8,635.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Gerard Hamas
License
362768, C42113 (NC)
Brokerage
Matthews of North Carolina, LLC
Title
Broker of Record
Brokerage Address
307 W. Tremont Ave., Ste 200, Charlotte, NC 28203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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