Single-Tenant Dollar General
For Sale
Contact for pricing
Pending
7854 Highway 9 N, Mill Spring, NC 28756
NNN leased Dollar General with a corporately guaranteed tenant and remaining term of more than four and a quarter years.
Days on Market112
Property Features for 7854 Highway 9 N
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Trinity Real Estate Investment Services
(817) 584-2000
Listed By:
Branson Blackburn · License #TX 611825
Source:
Crexi
Added: Apr 10
Changed: Jul 21
Last Checked: Jul 30 at 1:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Trinity Real Estate Investment Services
Investment Insights
Based on property information with market context.
This offering presents a single-tenant, NN leased, corporately guaranteed Dollar General property. The current lease term was extended in 2014 after seven years of operation at the location, leaving over 4.25 years remaining on the current term. The lease also includes three (3) periods of five (5) year options, with the first option featuring a 15% rent increase followed by 10% increases in the next two options. Dollar General is responsible for HVAC repairs costing less than $1,000, and the tenant pays $400 per month for CAM reimbursements, with CAM increasing by $50 each option period.
The property is located at 7854 Highway 9 N in Mill Spring, NC. The remarks note seasonal tourism dynamics in the Mill Spring/Lake Lure area, including an estimated ten-fold increase in population during tourism season and nearby outdoor attractions.
From a lease and operating expense perspective, this is a single-tenant NNN structure with defined rent escalations through the option periods and tenant responsibility for specified HVAC repair costs and CAM reimbursements.
The property is located at 7854 Highway 9 N in Mill Spring, NC. The remarks note seasonal tourism dynamics in the Mill Spring/Lake Lure area, including an estimated ten-fold increase in population during tourism season and nearby outdoor attractions.
From a lease and operating expense perspective, this is a single-tenant NNN structure with defined rent escalations through the option periods and tenant responsibility for specified HVAC repair costs and CAM reimbursements.
Key Highlights
- Single‑tenant, NN (net) leased Dollar General with corporately guaranteed tenant
- Lease extended in 2014; more than 4.25 years remaining on current term
- Three (3) five‑year options: first option includes a 15% rent increase, followed by 10% increases in next two options
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
4,022 visits/mo
0.1 miles
Demographics for 28756, NC
4,156
Population
2,375
Households
1.7
Avg Household Size
49
Median Age
19%
College-Educated
87%
High-School Grad
79.3 sq mi
ZIP Area
52
Density / Sq Mi
$54,112
Median Household Income
$36,375
Median Earnings
$662
Median Rent
$275,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - NNN leased Dollar General with a corporately guaranteed tenant and remaining term of more than four and a quarter years.
Where is this grocery and convenience store located?
The property is located at 7854 Highway 9 N Mill Spring, NC.
What are key features of this property?
This property features: Single‑tenant, NN (net) leased Dollar General with corporately guaranteed tenant; Lease extended in 2014; more than 4.25 years remaining on current term; Three (3) five‑year options: first option includes a 15% rent increase, followed by 10% increases in next two options
