New Dollar General Investment
138 Ledford St, Murphy, NC 28906
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New Dollar General Plus store in Murphy, North Carolina.
Type:Retail
Property size:
10,640 SFPrice / SF:
$237/SF- Added:
- Mar 3, 2026
- Days on Market:
- 71
- Last Refresh:
- Mar 16 at 2:08 pm
Property Features for 138 Ledford St
General Information
- Standard status
- Active
- Size
- 10,640 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2026
Listing agent Bryan Bender License #MI 6501319610
Listing office Fortis Net Lease (248) 419-3810
Listing date Mar 3, 2026
Source Crexi
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 Fortis Net Lease
HighLights
- 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).
- Attractive demographics: 10‑mile population of 27,944 and a 3‑mile average household income of $63,765.
- Lease includes 5% rental rate increases every 5 years, including renewal options.
- Located in a growing area with a 10‑mile population growth rate of 9.60%.
Overview
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
Similar Places Nearby
- Lynn Eggley — murphy, nc 28906
Location Insight
- Map
- Local Demand
- City
- Murphy
- County
- Cherokee
- State
- North Carolina
- Longitude
- -84.025504
- Latitude
- 35.084831
Nearby Similar for Sale
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).
