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138 Ledford St Murphy, NC 28906

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For Sale
$2,524,190

New Dollar General Plus store in Murphy, North Carolina.

Property size:
10,640 SF
Lot size:
2.24 Acres

Property Features for 138 Ledford St

General Information

Standard status
Active
Zoning
Commercial
Size
10,640 SF
Lot size
2.24 Acres

Building Details

Year built
2026

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Listing Contact
Bryan Bender
Bryan Bender
Source: Crexi

Listing Agency: Fortis Net Lease Listing Agent: Bryan Bender

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

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Overview

New Dollar General Investment Opportunity

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.
Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

Similar Places Nearby

Lynn Eggley

Location Insight

  • Map
  • Local Demand
City
Murphy
County
Cherokee
State
North Carolina
Longitude
-84.025504
Latitude
35.084831

FAQs

What type of property is this?
Grocery and convenience store - New Dollar General Plus store in Murphy, North Carolina.
Where is this grocery and convenience store located?
The property is located at 138 Ledford St Murphy, NC.
What is the asking price?
The asking price for this property is $2,524,190.
What are key features of this property?
This property features: - Brand new 2026 build-to-suit Dollar General Plus store with a 15-year absolute NNN lease.; - Corporately guaranteed lease by Dollar General Corporation (credit rating “BBB” - Investment Grade).; - Strategic corner location on Ledford Street & Highway 74 with high visibility (20,177 cars per day).
More about this property
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