2241 Indian Springs Rd - Freestanding FOR SALE


Dudley, NC 28333
$1,985,000 USD
980-498-3293
2241 Indian Springs Rd, Dudley, NC for Sale
$1,985,000 USD
Freestanding - FOR SALE
1/4
null | 6.65% Cap Rate

2241 Indian Springs Rd
Dudley, NC 28333


HIGHLIGHTS

  • NEW CONSTRUCTION
  • STRATEGIC POSITIONING
  • RETAIL & INDUSTRIAL DEMAND DRIVERS

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - Absolute NNN lease providing zero landlord responsibilities - 5% rental increases in year 5, 10, and in option periods, providing a strong inflation hedge STRONG CORPORATE GUARANTY - Dollar General was ranked #91 on the Fortune 500 2021 list - Over 19K locations in 46 states - 75% of Americans live within 5 minutes of a Dollar General NEW CONSTRUCTION - Delivered to Dollar General’s current prototype - Demolition of obsolete structures and site work improvements - Dollar General Warranties will transfer to new owner STRATEGIC POSITIONING - US-117 carries 23,000+ VPD just north in Goldsboro and links to I-795, providing direct access to Wilson and the Raleigh-Durham area - The site captures both commuter inflow and regional retail draw from surrounding rural communities - Within a 10-mile radius, the trade area has grown 7.4% in population since 2010, with continued in-migration driven by affordability and proximity to major employment centers RETAIL & INDUSTRIAL DEMAND DRIVERS - Wayne County’s industrial market is expanding fueled by manufacturing, logistics, and defense contractors supporting the air force base - Dollar stores outperform in rural NC with double digit same-store sales growth across similar markets - The county is projected to add 1,500+ new jobs by 2027 MSA ECONOMIC STABILITY & GROWTH - Part of Goldsboro MSA which has experienced six consecutive years of positive GDP expansion reaching $4.1B+ in total economic output - Wayne County unemployment remains stable at 4.3% outperforming many eastern NC market peers - Supported by Seymour Johnson Air Force Base (5,500+ active duty) & AHHI rising steadily with median household income up 12% since 2018

FOR SALE DETAILS

PRICE

$1,985,000 USD

PRICE/SF

$187 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,249 SF

ZONING

GC

APN/PARCEL ID

3503292633

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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