Grocery & Convenience Retail
2951 US-220 Madison, NC 27025
2951 US-220, Madison, NC, 27025
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For Sale
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9,100 SF Dollar General retail property available for sale at 2951 US Hwy 220.
Property Size9,100 SF
Price / SF$145.26
Days on Market122
Property Features for 2951 US-220
General Information
- Standard status
- Active
- Size
- 9,100 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2016
Listing agency
Schuchert Retail Group
Listed by
Jim Schuchert · License #01969414
Source
Crexi
Added: Mar 23 Updated: Jul 21 at 6:44PM Checked: Jul 21 at 6:44PM
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 Schuchert Retail Group
Investment Insights
Based on property information with market context.
This offering features a 9,100 SF Dollar General retail store. The property is presented for sale by Schuchert Retail Group and Wayne Troxler (Guilford Realty Group Inc.), in conjunction with Wayne Troxler (Guilford Realty Group Inc.).
The asset is located at 2951 US Hwy 220 in Madison, North Carolina, and is offered as a commercial retail property space suitable for a grocery and convenience-oriented operator.
The asset is located at 2951 US Hwy 220 in Madison, North Carolina, and is offered as a commercial retail property space suitable for a grocery and convenience-oriented operator.
Key Highlights
- 9,100 SF Dollar General retail property for sale at 2951 US Hwy 220, Madison, NC 27025
- Built in 2016
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $136.5k | $15.00 |
| − Vacancy | −$8.6k | −$0.94 |
| EGI | $127.9k | $14.06 |
| − OpEx | −$38.4k | −$4.22 |
| NOI | $89.5k | $9.84 |
9,100 SF · lease $15.00/SF/yr · vacancy 6.29% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.75M
$1.53M – $2.04M
NOI $122,285 @ 7.0% cap · market cap 9.25%
Second Best
Retail
$1.28M
$1.12M – $1.49M
NOI $89,540 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$3.00M
$2.63M – $3.50M
NOI $210,017 @ 7.0% cap · market cap 15.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
FAQs
What type of property is this?
Grocery and convenience store - 9,100 SF Dollar General retail property available for sale at 2951 US Hwy 220.
Where is this grocery and convenience store located?
The property is located at 2951 US-220 Madison, NC.
What is the asking price?
The asking price for this property is $1,321,863.
What are key features of this property?
This property features: 9,100 SF Dollar General retail property for sale at 2951 US Hwy 220, Madison, NC 27025; Built in 2016
