455 Pirates Rd New Bern, NC 28562
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High-yield NC convenience store, strong tenant.
Property size:
9,014 SFProperty 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
Listing Agency: Exclusive Realty Listing Agent: Steve Sagmani
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
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
Location Insight
- Map
- Local Demand
- City
- New Bern
- County
- Craven
- State
- North Carolina
- Longitude
- -77.1476389
- Latitude
- 35.0846313
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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.