For Sale
$2,022,000

912 Vicksboro RdHenderson, NC 27537

High-yield NC Dollar General; 14.2 years remaining.

Overview

Added:
Dec 11, 2024
Days on market:
111
This exceptional investment opportunity presents a fee-simple, Class A, single-tenant, absolute NNN leased property occupied by a Dollar General and Family Dollar. Located at 912 Vicksboro Rd, Henderson, NC 27537, this 10,542 square foot building sits on a 2.36-acre lot and boasts a strong 6.70% cap rate with a substantial NOI of $135,492. The property benefits from a 15-year lease commencing January 26, 2024, and expiring January 31, 2039, providing significant long-term stability. The lease includes 10% rent bumps every five years, further enhancing the investment's return. Built in 2023, this new construction features Dollar General's upgraded prototype and comes with warranties. The property's strategic location on Vicksboro Rd, a main commuter route near Highway 1, and its proximity to residential areas ensures high visibility and consistent customer traffic. The tenant, backed by a corporate guarantee, enjoys a strong market position, with a competing Dollar Tree store nearby performing exceptionally well. This is a turnkey investment with minimal landlord responsibilities, offering a compelling combination of strong cash flow, long-term lease security, and significant upside potential. The property is offered as a fee-simple ownership.

Highlights

  • $2,022,000 asking price for a 10,542 SF retail property.
  • Absolute NNN lease with a corporate guarantee from Dollar General and Family Dollar.
  • 14.2 years remaining on a 15-year lease, commencing January 26, 2024, and expiring January 31, 2039.
  • 6.70% cap rate with a $135,492 NOI.
  • New construction (2023) located on a 2.36-acre lot in Henderson, NC, with 10% rent bumps every 5 years and 5 x 5 year lease options.

Property Details for 912 Vicksboro Rd

Property type
Retail properties, Retail space
Square Feet
10,542 SF
Class
A
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
102,802 SF

Location Insight

City
Henderson
County
Vance
State
North Carolina
Latitude
36.314333
Longitude
-78.363743
912 Vicksboro Rd, Henderson, North Carolina

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912 Vicksboro Rd
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