Dollar General Retail
For Sale
$2,273,393
224 E Stage Coach Tr, Lawndale, NC 28090
For-sale Dollar General retail market at 224 E Stage Coach Trail with rent projected to commence May 2023.
Property Size12,718 SF
Days on Market200
Property Features for 224 E Stage Coach Tr
General Information
Standard status
Active
Size
12,718 SF
Property subtype
Commercial
Lease Term
±13 YRS
Building Details
Building Size
12,718 SF
Year Built
2023
Listing Agency:
Matthews Real Estate Investment Services | Dallas
Listed By:
Josh Bishop · License #688810 (TX)
(214) 692-2289
Source:
Matthews
Added: Apr 11
Changed: Oct 25
Last Checked: Oct 26 at 12:52PM
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 Matthews Real Estate Investment Services | Dallas
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Investment Insights
Based on property information with market context.
Trinity Real Estate Investment Services presents the opportunity to acquire a Dollar General retail market at 224 E Stage Coach Trail. The offering is structured as a for-sale investment, with rent projected to commence in May of 2023.
Located in Lawndale, North Carolina, the property is marketed as a Dollar General Market within the grocery and convenience store retail category.
Broker of Record is Brian Brockman with Bang Realty-North Carolina, Inc (NC #298998).
Located in Lawndale, North Carolina, the property is marketed as a Dollar General Market within the grocery and convenience store retail category.
Broker of Record is Brian Brockman with Bang Realty-North Carolina, Inc (NC #298998).
Key Highlights
- For‑sale Dollar General retail market at 224 E Stage Coach Trail
- Rent projected to commence in May 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,705
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,214,100
$3.2M
Cap Rate 7%
$2,295,786
$2.3M
Cap Rate 9%
$1,785,611
$1.8M
Market Conditions
NOI Build-Up for 12,718 SF
Gross rent
$228.9K $18.00/SF
− Vacancy
−$14.7K −$1.15/SF
EGI
$214.3K $16.85/SF
− OpEx
−$53.6K −$4.21/SF
NOI
$160.7K $12.64/SF
Area
Cleveland County, NC
Vacancy
6.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,214,100
Cap Rate 7%
$2,295,786
Cap Rate 9%
$1,785,611
Alternative Uses
Best Use
Specialty Retail
$2.30M
$2.01M – $2.68M
NOI $160,705 @ 7.0% cap · market cap 7.07%
Second Best
Retail
$2.18M
$1.90M – $2.54M
NOI $152,395 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,085 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
6k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,661 visits/mo
0.1 miles
Demographics for 28090, NC
7,870
Population
3,413
Households
2.3
Avg Household Size
45
Median Age
19%
College-Educated
83%
High-School Grad
93.7 sq mi
ZIP Area
84
Density / Sq Mi
$52,224
Median Household Income
$41,028
Median Earnings
$680
Median Rent
$140,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - For-sale Dollar General retail market at 224 E Stage Coach Trail with rent projected to commence May 2023.
Where is this grocery and convenience store located?
The property is located at 224 E Stage Coach Tr Lawndale, NC.
What is the asking price?
The asking price for this property is $2,273,393.
What are key features of this property?
This property features: For‑sale Dollar General retail market at 224 E Stage Coach Trail; Rent projected to commence in May 2023
