TBD NC Highway 87 - Freestanding FOR SALE


Reidsville, NC 27320
$2,543,000 USD
678-808-2762
TBD NC Highway 87, Reidsville, NC for Sale
$2,543,000 USD
Freestanding - FOR SALE
1/3
null | 6.5% Cap Rate

TBD NC Highway 87
Reidsville, NC 27320


OVERVIEW

15 YEAR CORPORATE NNN LEASE WITH RENT INCREASES IN INITIAL TERM • The subject property has a new corporate guaranteed NNN lease with 5% rent increases every 5 years. • Tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure. • There are 5% rent increases in each of the five, 5-year option periods. PIEDMONT TRIAD MSA • This Dollar General is located 30 minutes north of downtown Greensboro and the Piedmont Triad. • The Triad is known as one of the primary manufacturing and transportation hubs of the southeastern U.S., including Greensboro, Winston-Salem, and High Point, NC. • The Piedmont Triad’s estimated population is 1,611,243, making it the 33rd-largest combined statistical area in the United States. • There are more than 20 colleges and universities within the Triad, including Wake Forest University, Elon University, and High Point University. These schools have a combined student count of 20,000. • Notable companies headquartered in Greensboro include: Honda Aircraft Company, Lorillard Tobacco Company, Mack Trucks, Volvo Trucks of North America, The Fresh Market, Cook Out, Columbia Forest Products, and many more. INVESTMENT GRADE TENANT (S&P: BBB) WITH 21,000 LOCATIONS • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 21,000 locations and plans to open 750 stores in 2025. • Dollar General has been in business for 80 years and has a current net worth of over $18.16B. 2025 UPGRADED CONSTRUCTION DOLLAR GENERAL • New 10,640 SF upgraded construction Dollar General located in Reidsville, NC. • This store is currently under construction and rent is scheduled to commence in September 2025.

FOR SALE DETAILS

PRICE

$2,543,000 USD

PRICE/SF

$239 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Piedmont Triad MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11.45 AC

LAND SF

498,691 SF

ZONING

-

APN/PARCEL ID

159746

ASK ABOUT THIS PROPERTY

Don McMinnMarcus & MillichapMore Info
678-808-2762

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Don McMinnMarcus & MillichapMore Info
678-808-2762

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