Listing Agency: Legacy Real Estate Advisors d***@legacycrea.com Show Phone

Listed By: Dominic Shamany · License ##6506047766 Show Phone

Source: Moodyscre

Added: Oct 1, 2024 Changed: Jul 6 Last Checked: Jul 21 at 6:24AM

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Investment Insights

Based on property information with market context.

This is a single tenant freestanding Dollar General property located in New Bern, NC. The surrounding area is considered affluent, with average household incomes exceeding $91,000 within a 3-mile radius. Over 9,000 people reside within a 3-mile radius of the site. Traffic counts show over 15,000 vehicles passing the site daily on U.S. Hwy 17 S, and over 1,000 vehicles passing daily on N Pirates Rd. Dollar General, ranked #128 on the Fortune 500, reported revenues north of $39 billion for FY2023, representing a 7.56% increase year-over-year. Dollar General holds an investment grade credit rating of "BBB" with S&P and a positive/stable outlook. The store count increases year over year further strengthening the corporate guaranty. The property is 9,014 square feet. Dollar General is an essential retailer with pandemic and recession resistant tenancy.

Key Highlights

• Single tenant freestanding Dollar General.
• Dollar General investment grade credit rating of 'BBB' with S&P.
• Dollar General (NYSE: DG), ranked #128 on the Fortune 500.

Property Analytics

Property Profile

Current Use

FedEx OnSite Postal Service Dollar General Discount Store Western Union Bank

Suggested Use

Top Pick Building Supply Restaurant Real Estate Agency Law Firm Auto Repair Shop Hair Salon

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

Location Intelligence

Trade Area within ½ mile

54

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

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?

Storefront property - Single tenant Dollar General with investment grade credit rating.

Where is this storefront property located?

The property is located at 455 Pirates Rd New Bern, NC.

What is the asking price?

The asking price for this property is $917,700.

What are key features of this property?

This property features: Single tenant freestanding Dollar General.; Dollar General investment grade credit rating of 'BBB' with S&P.; Dollar General (NYSE: DG), ranked #128 on the Fortune 500.