Dollar General Investment
3701 Legion Rd, Hope Mills, NC 28348
For Sale
Contact for pricing
Dollar General store in Hope Mills, North Carolina for sale.
Property Size9,026 SF
Lot Size0.68 Acres
Price / SF$147.67
Days on Market1636
Property Features for 3701 Legion Rd
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Colliers - Fort Lauderdale, Florida
Listed By:
Christopher Twist
(561) 602-8390
Source:
Crexi
Added: May 19, 2022
Changed: Oct 26
Last Checked: Nov 8 at 9:15AM
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 Colliers - Fort Lauderdale, Florida
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A Dollar General store, identified as store number 08242, is available for acquisition in Hope Mills, North Carolina. The building has a size of approximately 9,026 square feet and is situated on a lot of about 0.68 acres. The property is fully occupied by Dollar General, with a corporate guarantee. The lease expires on April 30, 2026, and includes five, five-year renewal options, each with a 10% rent increase. The landlord is responsible for the property's exterior, roof, and parking lot. Located six miles southwest of Fayetteville, the property benefits from its location on Legion Road, providing access to the I-95 Interchange to the northeast. The store offers high visibility and accessibility. The surrounding area has a population of 106,059 within a five-mile radius, with an average income of $62,639. The property can be purchased in conjunction with additional net-leased retail properties comprised of a nine-property portfolio.
Key Highlights
- Corporate guarantee from Dollar General.
- Located in Hope Mills, NC, near Fayetteville, with high visibility and easy accessibility on Legion Road.
- Lease expiration date of April 30, 2026, with 5, five‑year renewal options and 10% rent increases with each renewal.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,430
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,808,600
$1.8M
Cap Rate 7%
$1,291,857
$1.3M
Cap Rate 9%
$1,004,778
$1.0M
Market Conditions
NOI Build-Up for 9,026 SF
Gross rent
$124.6K $13.80/SF
− Vacancy
−$4.0K −$0.44/SF
EGI
$120.6K $13.36/SF
− OpEx
−$30.1K −$3.34/SF
NOI
$90.4K $10.02/SF
Area
Cumberland County, NC
Vacancy
3.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,808,600
Cap Rate 7%
$1,291,857
Cap Rate 9%
$1,004,778
Alternative Uses
Best Use
Specialty Retail
$1.29M
$1.13M – $1.51M
NOI $90,430 @ 7.0% cap · market cap 6.78%
Second Best
Retail
$1.26M
$1.10M – $1.47M
NOI $88,071 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $150,978 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
12k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,570 visits/mo
0.1 miles
Citgo
Shops & Services
4,099 visits/mo
0.3 miles
Demographics for 28348, NC
37,476
Population
14,413
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
93%
High-School Grad
42.2 sq mi
ZIP Area
888
Density / Sq Mi
$65,213
Median Household Income
$39,270
Median Earnings
$1,111
Median Rent
$203,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Dollar General store in Hope Mills, North Carolina for sale.
Where is this grocery and convenience store located?
The property is located at 3701 Legion Rd Hope Mills, NC.
What is the asking price?
The asking price for this property is $1,332,913.
What are key features of this property?
This property features: Corporate guarantee from Dollar General.; Located in Hope Mills, NC, near Fayetteville, with high visibility and easy accessibility on Legion Road.; Lease expiration date of April 30, 2026, with 5, five‑year renewal options and 10% rent increases with each renewal.
