1112 Park Springs Rd - Retail FOR SALE
Providence, NC 27315 |
$1,480,286 USD
771-208-7475
1112 Park Springs Rd
Providence, NC 27315
HIGHLIGHTS
- Absolute NNN Lease offering hands-off investment with tenant responsible for all expenses
- Corporate Guarantee by Dollar General Corporation, Fortune 100 company with BBB credit rating
- Strategic location along NC Highway 86, 5 miles south of Danville, VA
- Recession-resistant tenant classified as essential retailer during COVID-19 pandemic
- Only major discount retailer in immediate Providence area serving surrounding community
- ±8.7 years remaining on lease with five 5-year renewal options at 10% increases
FOR SALE DETAILS
PRICE
$1,480,286 USD
PRICE/SF
$128 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Dollar General
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.6 AC
LAND SF
69,696 SF
ZONING
C
APN/PARCEL ID
0049.00.00.0046.0000
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771-208-7475
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771-208-7475
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