138 Ledford St - Retail FOR SALE


Murphy, NC 28906
$2,524,190 USD
734-755-6359
138 Ledford St, Murphy, NC for Sale
$2,524,190 USD
Retail - FOR SALE
1/4
null | 6.3% Cap Rate

138 Ledford St
Murphy, NC 28906


HIGHLIGHTS

  • 2026 BTS Construction | Plus Size Footprint | Upgraded Design
  • 5% Rent Increases Every 5 Years
  • Corner Site | 20,177 Cars Per Day
  • Ten Mile Population 27,944 | Expected 9.60% Growth!
  • Site Surrounded by Residential Homes | Convenient Location off Highway
  • Dollar General Corporate Guaranty | Investment Grade

OVERVIEW

Fortis Net Lease is pleased to present this 2026 BTS, 10,640 SF. Dollar General Plus store located in Murphy, North Carolina. The property offers a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5% rental rate increases every 5 years including at each of the 4 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is currently under construction and on track for rent start & opening in April 2026. This Dollar General is highly visible as it is strategically positioned on the corner of Ledford Street & Highway 74 seeing 20,177 cars per day. The site is surrounded by residential homes & local businesses making it a convenient stop for the area. The 10 mile population from the site is 27,944 while the 3 mile average household income is $63,765 per year, making this location ideal for a Dollar General. This area is seeing great growth with the 10 mile population growth rate at 9.60%! The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 6.30% cap rate based on NOI of $159,024. Instate Broker of Record: Bang Realty | Brian Brockman

FOR SALE DETAILS

PRICE

$2,524,190 USD

PRICE/SF

$237 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Plus

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

2.24 AC

LAND SF

97,574 SF

ZONING

Commercial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Bryan BenderFortis Net LeaseMore Info
734-755-6359

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Bryan BenderFortis Net LeaseMore Info
734-755-6359

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.