Listed by Marcus & Millichap - Orange County
$2,409,700
pOpshelf | Jacksonville, NC | Dollar General Guaranty
Details
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 10,542
Net Rentable (SqFt) 10,542
Cap Rate 6.50%
NOI $156,630
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 11/30/2038
Remaining Term 12.4
Rent Bumps Yes
Lease Options Five (5) 5-year options
Price per SqFt $229
Class A
Year Built 2023
Acreage 1.270
Zoning Commerical
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 11/24/2023
Occupancy Date 11/24/2023
Ground Lease No
Sale Condition N/A
Retail | 6.50% CAP | 10,542 SqFt
Marketing description
A 10,542 SF single-tenant pOpshelf store of 2023 construction in Jacksonville, NC, with a 15-year absolute NNN lease guaranteed by Dollar General Corporation (NYSE: DG). The asset is an outparcel to a top-performing Walmart Supercenter (70th percentile) and Lowe's Home Improvement (60th percentile), serving Camp Lejeune and the broader Onslow County trade area.
Investment highlights
- 2023 construction pOpshelf single-tenant net lease, full corporate guaranty from Dollar General Corp.
- 15-year absolute NNN lease; ~12.5 years of primary term remaining as of close.
- Five 5-year renewal options with ~10% bumps at each option period.
- Zero landlord responsibilities — tenant covers taxes, insurance, CAM, roof & structure.
- Outparcel to a top-performing Walmart Supercenter (70th percentile) and Lowe's (60th percentile).
- 5-mile radius captures 66,510 residents and a 2025 daytime population of 74,599.
- Onslow County unemployment of 4.1%; healthcare and military are leading employment drivers.
- Dense retail synergy along Yopp Road with Walmart, Lowe’s, Aldi, Starbucks, PetSmart, and Tractor Supply.
Listing Contacts
Listed by Marcus & Millichap - Orange County
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$156,630.00
$13,052.50/mo
Valuation Metrics
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DSCR
6.5%
Cap Rate
6.5%
ROI
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