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    3701 Legion Rd Hope Mills, NC 28348

    For Sale
    $1,332,913

    High-Yield NC Retail Property, 1.4 Years Remaining

    Property size:
    9,026 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a single-tenant, 9,026 square foot Dollar General store located at 3701 Legion Rd, Hope Mills, NC 28348. The property, built in 2011, sits on a 0.68-acre lot and boasts a 7.00% cap rate with a current NOI of $93,303. The lease, a Net Lease (NN) with a corporate guarantee, features a remaining term of 1.4 years, expiring April 30, 2026, and includes five, five-year renewal options with a 10% rent increase at each renewal. The property is 100% occupied and benefits from excellent demographics, with a population of 106,059 within a five-mile radius. The asking price is $1,332,913, translating to $147.67 per square foot. Landlord responsibilities include exterior maintenance, roof, and parking lot. The strategic location on Legion Road provides high visibility and convenient access to I-95. This is a strong, passively managed investment with a proven tenant and significant upside potential through lease renewals. The property is part of a larger portfolio of nine net-leased retail properties, available for purchase as a whole.

    Property Features for 3701 Legion Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,026 SF
    Lot Size
    29,621 SF

    Building Details

    Year Built
    2011
    Buildings
    1
    Stories
    1
    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hope Mills
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.923758684686
    Latitude
    34.991363106901

    Nearby Comparable

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    Nearby Similar for Sale

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      Hope Mills Commercial Opportunity

      Adaptable office/showroom with workshop on high-traffic Legion Road.
      3840 Legion Rd, Hope Mills, NC 28348
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    FAQs

    What type of property is this?
    Individual retail property - High-Yield NC Retail Property, 1.4 Years Remaining
    Where is this individual retail property 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.
    Request Owner's contact information
    3701 Legion Rd Hope Mills, NC 28348
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    Hope Mills, NC 28348
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3701 Legion Rd Hope Mills, NC 28348
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