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    455 Pirates Rd New Bern, NC 28562

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    For Sale
    $917,700

    Single tenant Dollar General with investment grade credit rating.

    Property size:
    9,014 SF
    Lot size:
    1.15 Acres

    Property Features for 455 Pirates Rd

    General Information

    Size
    9,014 SF
    Lot size
    1.15 Acres

    Source: Legacy Real Estate Advisors Agent Dominic Shamany

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Dollar General in New Bern

    This is a single tenant freestanding Dollar General property located in New Bern, NC. The surrounding area is considered affluent, with average household incomes exceeding $91,000 within a 3-mile radius. Over 9,000 people reside within a 3-mile radius of the site. Traffic counts show over 15,000 vehicles passing the site daily on U.S. Hwy 17 S, and over 1,000 vehicles passing daily on N Pirates Rd. Dollar General, ranked #128 on the Fortune 500, reported revenues north of $39 billion for FY2023, representing a 7.56% increase year-over-year. Dollar General holds an investment grade credit rating of "BBB" with S&P and a positive/stable outlook. The store count increases year over year further strengthening the corporate guaranty. The property is 9,014 square feet. Dollar General is an essential retailer with pandemic and recession resistant tenancy.
    Insight Report Location Intelligence

    Current Use by Public Records

    FedEx OnSite Mailing Service Dollar General Dollar Store Western Union Money Transfer Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Bern
    County
    Craven
    State
    North Carolina
    Longitude
    -77.1477069
    Latitude
    35.0844564

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    FAQs

    What type of property is this?
    Storefront property - Single tenant Dollar General with investment grade credit rating.
    Where is this storefront property located?
    The property is located at 455 Pirates Rd New Bern, NC.
    What is the asking price?
    The asking price for this property is $917,700.
    What are key features of this property?
    This property features: - Single tenant freestanding Dollar General.; - Dollar General investment grade credit rating of 'BBB' with S&P.; - Dollar General (NYSE: DG), ranked #128 on the Fortune 500.
    (248) 450-3259
    Request Owner's contact information
    455 Pirates Rd New Bern, NC 28562
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    New Bern, NC 28562
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    455 Pirates Rd New Bern, NC 28562
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