Le Commercial Team is pleased to exclusively market an Absolute NNN Dollar General, built in 2021, located in Arden, North Carolina. The investment comes with a corporate guarantee in which Dollar General holds an S&P Global credit rating of “BBB”. The initial lease term is for 15 years with rent commencement in February 2021, 5 options to extend, each is 5 years long and each triggers a 10% rent increase. There are no tenant termination rights and no landlord responsibilities.
This Dollar General is located in a growing market and according to Costar, the population within the 10-mile radius has expanded by 32%, from 119,656 to 176,289 residents. The property is located just less than 10 minutes from the Asheville Regional Airport, Target, Chick-fil-A, Western Agriculture Exposition Center, Clarion Inn, Mercedes Benz of Asheville, Sierra Nevada Brewing Co., Lake Julian, 319-Unit Luxury Apartment - The Ashe, Chestnut Mountain Golf Club and more.