Building Details

Year Built 2020

Tenancy Single

Listing Agency: Matthews b***@matthews.com Show Phone

Listed By: Josh Ein · License #DC SP98371724

Source: Crexi

Added: May 27 Changed: Aug 30 Last Checked: Aug 30 at 11:53AM

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Investment Insights

Based on property information with market context.

The property is a 9,100-square-foot Dollar General retail location completed in 2020. It is structured under an absolute NNN lease, with the lease obligation supported by a corporate guarantee.

Located at 1112 Park Springs Road in Providence, North Carolina, the asset offers a defined single-tenant retail configuration. The reported 7.00% cap rate provides a key underwriting metric for evaluating the property.

Key Highlights

• Dollar General location at 1112 Park Springs Road, Providence, NC 27315
• 9,100‑square‑foot retail property built in 2020
• Absolute NNN lease structure

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick HVAC Service Grocery & Convenience Store Food Market Supermarket Discount Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

8

Businesses Nearby

4k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

4,216 visits/mo 0.2 miles

Demographics for 27315, NC

1,892

Population

944

Households

2

Avg Household Size

50

Median Age

14%

College-Educated

73%

High-School Grad

25.7 sq mi

ZIP Area

74

Density / Sq Mi

$66,166

Median Household Income

$36,589

Median Earnings

$1,276

Median Rent

$134,300

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

NNN property - Modern single-tenant retail asset backed by an absolute NNN lease and corporate guarantee.

Where is this nnn property located?

The property is located at 1112 Park Springs Road Providence, NC.

What is the asking price?

The asking price for this property is $1,480,286.

What are key features of this property?

This property features: Dollar General location at 1112 Park Springs Road, Providence, NC 27315; 9,100‑square‑foot retail property built in 2020; Absolute NNN lease structure