575 Perry Taylor Rd - Freestanding FOR SALE


Mount Airy, NC 27030
$953,750 USD
864-980-8951
575 Perry Taylor Rd, Mount Airy, NC for Sale
$953,750 USD
Freestanding - FOR SALE
1/1
null | 8% Cap Rate

575 Perry Taylor Rd
Mount Airy, NC 27030


HIGHLIGHTS

  • Recently renovated with upgraded brick façade
  • Triple-net lease with four years remaining and renewal options
  • 10% rent escalations in each option period
  • Positioned one mile from Interstate 74 for regional access
  • Strong brand recognition and consistent performance from tenant

OVERVIEW

This NNN-leased Dollar General investment offers a compelling opportunity for passive income in a stable retail asset located in Mt. Airy, North Carolina. Positioned just one mile from Interstate 74, the ±9,100-square-foot building sits on a ±1.87-acre parcel and was recently renovated in 2024 with a new brick façade, enhancing curb appeal and long-term durability. The property benefits from strong visibility and accessibility in a growing retail corridor. Dollar General’s lease structure is triple-net (NNN), with approximately four years remaining on the current term and four additional five-year renewal options, each featuring 10% rent escalations. The asset generates a net operating income of $76,300 annually, delivering an attractive 8% cap rate at the asking price of $953,750. As one of the fastest-growing discount retailers in the U.S., Dollar General’s strategic focus on underserved markets with populations under 20,000 ensures consistent foot traffic and minimal competition. This location aligns with that strategy, serving the Mt. Airy community with essential goods and services. The property’s proximity to Winston-Salem (30 minutes), Greensboro (1 hour), and Charlotte (1.5 hours) further enhances its regional connectivity and investment appeal. This offering is ideal for investors seeking a reliable income stream backed by a nationally recognized tenant with a proven track record of performance and expansion.

FOR SALE DETAILS

PRICE

$953,750 USD

PRICE/SF

$105 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

HB

APN/PARCEL ID

5918-01-46-5726

ASK ABOUT THIS PROPERTY

Reynolds FlowePintailMore Info
864-980-8951

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

Reynolds FlowePintailMore Info
864-980-8951

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