Single-Tenant Retail Store with Absolute NNN
550 Yopp Road Jacksonville, NC 28540
For Sale
Contact for pricing
2023-built pOpshelf property offers a long-term absolute NNN lease guaranteed by Dollar General Corporation.
Property Size10,542 SF
Price / SF$228.58
Days on Market54
Property Features for 550 Yopp Road
General Information
- Standard status
- Active
- Size
- 10,542 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2023
Listing Agency:
Marcus & Millichap - Orange County
Listed By:
Kyle Blatt · License #CA 02017976
Source:
Crexi
Added: Jun 1
Changed: Jul 10
Last Checked: Jul 23 at 9:18AM
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.
This for-sale opportunity is a 10,542 SF, single-tenant pOpshelf store constructed in 2023. The property is offered with a 15-year absolute NNN lease structure.
Located at 550 Yopp Road in Jacksonville, North Carolina, the site functions as an outparcel to a Walmart Supercenter and Lowe’s Home Improvement. The surrounding area serves the Camp Lejeune presence and the broader Onslow County trade area, supporting day-to-day retail demand.
The tenant’s lease is guaranteed by Dollar General Corporation (NYSE: DG), providing contractual backing for the term and payment structure associated with an absolute NNN investment. This makes the asset an appropriate fit for investors seeking a newer, single-tenant retail building with an established national-credit guarantor under an absolute NNN lease.
Located at 550 Yopp Road in Jacksonville, North Carolina, the site functions as an outparcel to a Walmart Supercenter and Lowe’s Home Improvement. The surrounding area serves the Camp Lejeune presence and the broader Onslow County trade area, supporting day-to-day retail demand.
The tenant’s lease is guaranteed by Dollar General Corporation (NYSE: DG), providing contractual backing for the term and payment structure associated with an absolute NNN investment. This makes the asset an appropriate fit for investors seeking a newer, single-tenant retail building with an established national-credit guarantor under an absolute NNN lease.
Key Highlights
- 10,542 SF single‑tenant pOpshelf store built in 2023
- 15‑year absolute NNN lease
- Lease is guaranteed by Dollar General Corporation (NYSE: DG)
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 | $151.8k | $14.40 |
| − Vacancy | −$12.1k | −$1.15 |
| EGI | $139.7k | $13.25 |
| − OpEx | −$41.9k | −$3.97 |
| NOI | $97.8k | $9.27 |
10,542 SF · lease $14.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.40M
$1.22M – $1.63M
NOI $97,762 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,306 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
NNN property - 2023-built pOpshelf property offers a long-term absolute NNN lease guaranteed by Dollar General Corporation.
Where is this nnn property located?
The property is located at 550 Yopp Road Jacksonville, NC.
What is the asking price?
The asking price for this property is $2,409,700.
What are key features of this property?
This property features: 10,542 SF single‑tenant pOpshelf store built in 2023; 15‑year absolute NNN lease; Lease is guaranteed by Dollar General Corporation (NYSE: DG)
