1610 N Main St - Freestanding FOR SALE


Marion, NC 28752
$1,506,500 USD
212-430-5180
1610 N Main St, Marion, NC for Sale
$1,506,500 USD
Freestanding - FOR SALE
1/5
null | 7.25% Cap Rate

1610 N Main St
Marion, NC 28752


HIGHLIGHTS

  • NNN Dollar General with Well Above Average Vehicle Count (16,000 VPD)
  • 10 Year Lease w/Rent Increases in Each Option
  • Less Than One Mile from Thousand of Students
  • Surrounded by National Retailers
  • Directly Across from a Recently Constricted 60-Unit Multifamily Development

OVERVIEW

NNN Dollar General w/ No Management Located on North Main Street with Well Above Average Dollar General Traffic (16,000 Vehicles Per Day (VPD)) Just Off a Signalized Intersection in Marion, NC. Asset Constructed in 2020 Featuring 10+ Years of Base Lease Term Remaining and Multiple 5-Year Options Providing Long Term Security to Passive Investors and 1031 Exchange Buyers. Strategically Located Less Than One Mile from Both McDowell High School and West McDowell Middle School Totaling Enrollment of Roughly 2,000 Students. Located Directly Across from Phillips Ridge Apartments, a Recently Constructed 60-Unit Multifamily Complex Providing a Built in Customer Base for this Dollar General Asset. Surrounded by Many of the Nation’s Top Retailers Including Lowe’s Home Improvement, Food Lion, McDonald’s, Bojangles, Hardee’s, Wendy’s, and Dollar Tree, Among Many Others.

FOR SALE DETAILS

PRICE

$1,506,500 USD

PRICE/SF

$166 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,728 SF

ZONING

-

APN/PARCEL ID

1702-03-13-4649

ASK ABOUT THIS PROPERTY

Christopher PappasMarcus & MillichapMore Info
212-430-5180

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Christopher PappasMarcus & MillichapMore Info
212-430-5180

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