Trinity Partners is proud to serve as exclusive advisor to ownership and present this net lease retail investment opportunity in Morganton, North Carolina leased to Dollar General, America’s #1 dollar store with over 20,500 locations in 48 states. (“Property”)
The Property was developed in 2009 on 1.3+ acres with a 9,000+ square foot building, 40 parking spaces, and large pylon signage. The original 10-year corporate lease commenced in February 2009 and included five 5-year renewal options with Dollar General currently in the second option period. There are 7.5% rent bumps in each option.
The Property is well positioned in the market at the busy intersection of Burkemont Ave (US 64) and Old Salem Rd a half mile off I-40 and 3 miles from downtown Morganton. Burkemont Ave experiences the highest traffic counts in the market with 25,000+ cars per day just north of the Property. Morganton is the county seat of Burke County.