Single-Tenant Retail Store with Absolute NNN
For Sale
Contact for pricing
550 Yopp Road, Jacksonville, NC 28540
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 Market131
Property Features for 550 Yopp Road
General Information
Standard status
Active
Size
10,542 SF
Class
A
Property subtype
Retail
Zoning
Commerical
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$156,630
Building Details
Year Built
2023
Tenancy
Single
Listing Agency:
Marcus & Millichap - Orange County
Listed By:
Kyle Blatt · License #CA 02017976
Source:
Crexi
Added: Jun 1
Changed: Oct 4
Last Checked: Oct 7 at 12:55PM
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
Estimated NOI and Cap Rate
NOI / Yr
$97,762
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,955,240
$2.0M
Cap Rate 7%
$1,396,600
$1.4M
Cap Rate 9%
$1,086,244
$1.1M
Market Conditions
NOI Build-Up for 10,542 SF
Gross rent
$151.8K $14.40/SF
− Vacancy
−$12.1K −$1.15/SF
EGI
$139.7K $13.25/SF
− OpEx
−$41.9K −$3.97/SF
NOI
$97.8K $9.27/SF
Area
Onslow County, NC
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,955,240
Cap Rate 7%
$1,396,600
Cap Rate 9%
$1,086,244
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 authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
293k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 32%
Dining 22%
Shops & Services 17%
Home Improvements & Furnishings 17%
Walmart
Superstores
94,181 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
30,929 visits/mo
0.3 miles
Tractor Supply Co.
Home Improvements & Furnishings
17,732 visits/mo
0.2 miles
Dollar Tree
Shops & Services
16,433 visits/mo
0.1 miles
Aldi
Groceries
14,937 visits/mo
0.2 miles
Demographics for 28540, NC
49,739
Population
21,466
Households
2.3
Avg Household Size
32
Median Age
23%
College-Educated
92%
High-School Grad
110.3 sq mi
ZIP Area
451
Density / Sq Mi
$61,462
Median Household Income
$32,313
Median Earnings
$1,014
Median Rent
$201,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
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)
