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Dollar General NNN Property
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Pending

3685 Old Ocean Hwy, Bolivia, NC 28422

Newly constructed retail asset leased on a long-term triple-net structure with multiple extension options.

Property Size10,640 SF
Days on Market142

Property Features for 3685 Old Ocean Hwy

General Information

Standard status Pending
Size 10,640 SF
Property subtype Retail

Building Details

Year Built 2023
Tenancy Single
Listing Agency: Marcus & Millichap - Orange County
Listed By: Kyle Blatt · License #CA 02017976
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 5:53AM

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 Marcus & Millichap - Orange County

Investment Insights

Based on property information with market context.

Completed in 2023, this 10,640-square-foot Dollar General Market is a newly built retail property at 3685 Old Ocean Hwy in Bolivia, North Carolina. The asset is occupied by Dollar General under a 15-year triple-net lease, providing a defined lease term and contractual extension structure.

The lease includes five, five-year options to extend, with 10% increases during the option periods. Dollar General is identified as a publicly traded company with an investment-grade BBB credit rating from Standard & Poor’s. The property is classified as an NNN property and is offered as a retail-oriented commercial asset in Bolivia.

Key Highlights

  • ±10,640 square foot Dollar General Market
  • 2023 construction
  • 15‑year triple‑net lease

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick HVAC Service Building Supply Electrical Service Hair Salon Barber Shop Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

140
Businesses Nearby
14k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Kwik Stop Shops & Services
6,572 visits/mo 0.5 miles
Dollar General Shops & Services
6,378 visits/mo 0.2 miles
Truist Shops & Services
1,169 visits/mo 0.1 miles

Demographics for 28422, NC

8,249
Population
4,385
Households
1.9
Avg Household Size
53
Median Age
28%
College-Educated
89%
High-School Grad
132.7 sq mi
ZIP Area
62
Density / Sq Mi
$67,883
Median Household Income
$32,971
Median Earnings
$1,460
Median Rent
$295,000
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Newly constructed retail asset leased on a long-term triple-net structure with multiple extension options.
Where is this nnn property located?
The property is located at 3685 Old Ocean Hwy Bolivia, NC.
What are key features of this property?
This property features: ±10,640 square foot Dollar General Market; 2023 construction; 15‑year triple‑net lease
More about this property
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