641 S Main St - Freestanding FOR SALE


Kenansville, NC 28349
$688,296 USD
954-325-9155
641 S Main St, Kenansville, NC for Sale
$688,296 USD
Freestanding - FOR SALE
1/13
null | 7.15% Cap Rate

641 S Main St
Kenansville, NC 28349


HIGHLIGHTS

  • No competing discount retailers within a 7-mile radius, ensuring strong market share.
  • Corporate-guaranteed lease by Dollar General Corporation (NYSE: DG).
  • Prime location with high-exposure frontage on S. Main Street in central Kenansville.
  • Ample parking on a well-maintained paved lot with easy ingress and egress.
  • Long-term NNN lease structure with minimal landlord responsibilities.
  • Full renovation scheduled for March 2026, enhancing property value and tenant commitment.

OVERVIEW

Positioned along Kenansville’s primary commercial corridor at the intersection of three main roads, this freestanding Dollar General enjoys exceptional visibility and convenient access from Highway 11/S. Main Street, the town’s main north-south thoroughfare. The property benefits from steady local traffic, strong community loyalty, and proximity to key neighborhood anchors including schools, municipal offices, and residential developments. Build to suite in 2000, DG has been committed to the location ever since and just renewed another 5 years through 2030 with an agreed upon escallation. Besides, there is no competition within 7 miles guaranteeing their stay for much longer, so much that they will be totally remodeling the building in March, including new floors, new bathrooms, new lighting, new paint, etc.... A rare opportunity to acquire a stable, income-producing asset backed by a Fortune 200 retailer in a growing eastern North Carolina market. Ideal for investors seeking predictable returns, inflation-resistant income, and zero management exposure.

FOR SALE DETAILS

PRICE

$688,296 USD

PRICE/SF

$86 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.49 AC

LAND SF

64,904 SF

ZONING

General Commercial

APN/PARCEL ID

13-1737-1

ASK ABOUT THIS PROPERTY

Roberto LLanaKeller Williams Legacy WestonMore Info
954-325-9155

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Roberto LLanaKeller Williams Legacy WestonMore Info
954-325-9155

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