Dollar General Net Lease
1324 Burkemont Avenue, Morganton, NC 28655
Net lease retail investment opportunity leased to Dollar General.
Type:Retail
Property size:
9,014 SFPrice / SF:
$130/SF- Added:
- Nov 26, 2025
- Days on Market:
- 175
- Last Refresh:
- Dec 7 at 9:20 pm
Property Features for 1324 Burkemont Avenue
General Information
- Standard status
- Active
- Size
- 9,014 SF
- Property subtype
- Retail
Listing agent Eva Patino License #0821143
Listing office Realty of America, LLC
Listing date Nov 26, 2025
Source Trinity-partners
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 Realty of America, LLC
HighLights
- High‑performing Dollar General store ranked in the top 25% statewide and top 30% nationwide.
- Corporate lease guaranteed by investment‑grade rated Dollar General (NYSE: DG, S&P: BBB, Moody’s: Baa2).
- Two renewal options already exercised with three remaining, each including a 7.5% rent increase.
- Strategic location at a busy intersection with high traffic counts (25,000+ cars per day) and easy access to I‑40.
- Strong retail market with high occupancy and increasing rents.
- Significant interior remodel completed in early 2025, demonstrating Dollar General's commitment to the location.
Overview
This net lease retail investment opportunity is located in Morganton, North Carolina. The property, leased to Dollar General, is situated at the intersection of Burkemont Ave (US 64) and Old Salem Rd, a half mile from I-40 and 3 miles from downtown Morganton. Developed in 2009 on 1.3+ acres, the property includes a 9,000+ square foot building with 40 parking spaces and pylon signage. The original 10-year corporate lease commenced in February 2009 and included five 5-year renewal options. Dollar General is currently in the second option period, with 7.5% rent increases in each option. The store underwent a significant interior remodel in early 2025. The property is located in a strong retail market with 3.7 million square feet of space that is 96.3% leased, and has experienced a 3.4% increase in asking rents year-over-year. The location benefits from high traffic counts, with over 22,000 cars per day on Burkemont Ave near the store and 44,000 cars per day on I-40. Western Piedmont Community College (1800 students) is a mile from the store and UNC Health Blue Ridge (184 beds) is 3 miles away. Over 36,300 residents live within a 5-mile radius of the store, with an average household income of $82,000 and a median household income of $60,000.
Location Intelligence
Current Use by Public Records
FedEx OnSite
Postal Service
Western Union
Bank
Dollar General
Discount Store
Location Insight
- Map
- Local Demand
- City
- Morganton
- County
- Burke
- State
- North Carolina
- Longitude
- -81.6999291
- Latitude
- 35.7124389
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Net lease retail investment opportunity leased to Dollar General.
Where is this storefront property located?
The property is located at 1324 Burkemont Avenue Morganton, NC.
What is the asking price?
The asking price for this property is $1,171,820.
What are key features of this property?
This property features: High‑performing Dollar General store ranked in the top 25% statewide and top 30% nationwide.; Corporate lease guaranteed by investment‑grade rated Dollar General (NYSE: DG, S&P: BBB, Moody’s: Baa2).; Two renewal options already exercised with three remaining, each including a 7.5% rent increase.
