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7062612
7062611

3701 Legion Rd, Hope Mills, NC 28348 For Sale

Colliers - Fort Lauderdale, Florida
Listed by Colliers - Fort Lauderdale, Florida
$1,332,913
1521 days on market
Updated 44 days ago
Opportunity zone

7% Cap I Dollar General | North Carolina

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,026
Units 1
Cap Rate 7%
NOI $93,303
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NN
Lease Term 15.1
Lease Expiration 04/30/2026
Rent Bumps Yes
Lease Options 5
Price per SqFt $148
Year Built 2011
Buildings 1
Stories 1
Acreage 0.680
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 04/09/2011
Occupancy Date 04/09/0020
Ground Lease No

106,059 Population in a 5-Mile Radius Excellent Demographics

Marketing description

The Twist Capital Team of Colliers is pleased to offer for sale, to qualified investors, the opportunity to acquire Dollar General store number 08242, located in the town of Hope Mills in North Carolina.

This ±9,026 SF building is situated on a ±0.68-acre lot and is fully occupied by Dollar General with a corporate guarantee. The lease has an expiration date of April 30th, 2026 with 5, five-year renewal options and 10% increases with each renewal. Landlord is responsible for the property exterior, roof and parking lot.

The property is conveniently located just six miles southwest of Fayetteville, and benefits from its position on Legion Road, which offers access to the I-95 Interchange to the northeast. This store presents high visibility combined with easy accessibility. The local demographics reflect a population of 106,059 within a five-mile radius with an average income of $62,639.

The Property can be purchased in conjuction with additional net-leased retail properties comprised of a nine-property portfolio.

Listing Contacts

Colliers - Fort Lauderdale, Florida
Listed by Colliers - Fort Lauderdale, Florida

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$93,303.00
$7,775.25/mo

Valuation Metrics

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DSCR
7%
Cap Rate
7%
ROI

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