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455 Pirates Rd New Bern, NC 28562

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For Sale
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High-yield NC convenience store, strong tenant.

Property size:
9,014 SF

Property Features for 455 Pirates Rd

General Information

Property type
Individual retail properties
Square Feet
9,014 SF
Lot Size
50,094 SF

Building Details

Year Built
2007
Buildings
1
Stories
1
Units
1

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Listing Contact
Steve Sagmani
Steve Sagmani

Listing Agency: Exclusive Realty Listing Agent: Steve Sagmani

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a 9,014-square-foot Dollar General convenience store located at 455 Pirates Rd, New Bern, NC 28562. The property boasts a strong 7.73% cap rate and a substantial net operating income (NOI) of $73,416. The single-tenant building, constructed in 2007, sits on a 1.15-acre lot and is zoned C. The lease is a Net Lease (NN) structure, minimizing landlord responsibilities, and features a corporate guarantee from Dollar General, Inc., providing significant security. The current lease, commencing August 1, 2007, has a remaining term of approximately 2.7 years, with four (5-year) lease options, each including a 10% rent increase. The property benefits from its strategic location near US Highway 17 S, a high-traffic area with over 18,750 vehicles per day. The surrounding area demonstrates strong demographics, with an average household income exceeding $78,000 within a 3-mile radius. This presents a compelling investment opportunity for those seeking a stable, high-yielding asset with a nationally recognized, financially sound tenant. The property's 100% occupancy and proven profitability make it an attractive option for 1031 exchange buyers.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

FedEx OnSite Postal Service Dollar General Discount Store Western Union Bank

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
New Bern
County
Craven
State
North Carolina
Longitude
-77.1476389
Latitude
35.0846313

FAQs

What type of property is this?
Individual retail property - High-yield NC convenience store, strong tenant.
Where is this individual retail 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 $950,000.
What are key features of this property?
This property features: Corporate Guarantee from Dollar General, Inc.; High-traffic location near US Highway 17 S (over 18,750 vehicles/day).; Net Lease (NN) with minimal landlord responsibilities.
(248) 833-6601 Call to check price and availability
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