Dollar General Investment
3701 Legion Rd, Hope Mills, NC 28348
Dollar General store in Hope Mills, North Carolina for sale.
Type:Retail
Property size:
9,026 SFLot size:
0.68 AcresPrice / SF:
$147/SF- Added:
- May 19, 2022
- Days on Market:
- 1510
- Last Refresh:
- Jun 27 at 9:36 am
Property Features for 3701 Legion Rd
General Information
- Standard status
- Active
- Size
- 9,026 SF
- Lot size
- 0.68 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2011
Listing office Colliers - Fort Lauderdale, Florida
Listing date May 19, 2022
Source Crexi
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
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.
- Located within a five‑mile radius of a population of 106,059 with an average income of $62,639.
- ±9,026 SF building on a ±0.68‑acre lot.
- Landlord responsible for property exterior, roof, and parking lot.
Overview
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.
Local Financial Insights For Specialty 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 | $124.6k | $13.80 |
| − Vacancy | −$4.0k | −$0.44 |
| EGI | $120.6k | $13.36 |
| − OpEx | −$30.1k | −$3.34 |
| NOI | $90.4k | $10.02 |
9,026 SF · lease $13.80/SF/yr · vacancy 3.20% · expense 25.00%
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 local authorities.
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar Places Nearby
- Carlie C's IGA — 3501 N Main St, Hope Mills, NC 28348
Location Insight
- Map
- Local Demand
- City
- Hope Mills
- County
- Cumberland
- State
- North Carolina
- Longitude
- -78.923292
- Latitude
- 34.991047
Nearby Similar for Sale
FAQs
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.
