138 Ledford St Murphy, NC 28906

This property presents an opportunity to acquire a 10,640 square foot Dollar General Plus store in Murphy, North Carolina. Scheduled for completion in 2026, the store is currently under construction and on track to open in April 2026. The property is subject to a Fifteen (15) Year Absolute NNN Lease, offering zero landlord responsibilities. The lease includes 5% rental rate increases every 5 years, including at each of the four 5-year renewal options. The lease is corporately guaranteed by Dollar General Corporation, which holds a “BBB” credit rating, classified as Investment Grade. The property is strategically positioned on the corner of Ledford Street and Highway 74, benefiting from high visibility with a traffic count of 20,177 cars per day. The surrounding area includes residential homes and local businesses, making it a convenient location. The population within a 10-mile radius is 27,944, and the average household income within a 3-mile radius is $63,765 per year. The area is experiencing growth, with a 10-mile population growth rate of 9.60%. This offering is suitable for a 1031 exchange buyer or a passive investor seeking fee simple ownership. The list price reflects a 6.30% cap rate based on a net operating income of $159,024.