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    5517 Us-21 Jonesville, NC 28642

    Sponsored
    For Sale
    $1,680,711

    High-yield NNN retail investment

    Property size:
    10,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This offering presents a fee-simple ownership opportunity in a 10,640-square-foot Dollar General Plus store located at 5517 US-21, Jonesville, NC 28642. Built in 2022 on a 1.91-acre lot, the property boasts a 15-year NNN lease with Dollar General Corporation, a leading discount retailer with an S&P investment-grade credit rating of BBB/Stable. The lease, commencing June 13, 2022, and expiring May 31, 2037, includes five five-year renewal options, each with a 10% rent increase. The property benefits from a prime location with direct frontage to the US Highway 21 and Interstate 77 interchange, ensuring high visibility and accessibility. The current annual net operating income (NOI) is $113,448, representing a 6.75% capitalization rate and a price per square foot of $10.66. The asking price is $1,680,711. This passive investment opportunity offers significant long-term value and stability, backed by a strong tenant and favorable lease terms. The property's essential business nature and corporate guarantee provide a secure and attractive return for investors seeking a low-maintenance, high-yield retail investment. The 100% occupancy further enhances the investment's appeal.

    Property Features for 5517 Us-21

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,640 SF
    Lot Size
    83,200 SF

    Building Details

    Year Built
    2022

    HighLights

    • Fee simple ownership of a 10,640 square foot Dollar General Plus building on a 1.91‑acre lot.
    • Investment‑grade corporate guarantee (S&P: BBB/Stable).
    • Passive NNN lease structure.
    • 15‑year lease with five 5‑year renewal options, each with a 10% rent increase.
    • $1,680,711 asking price, 6.75% cap rate, $113,448 NOI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Jonesville
    County
    Yadkin
    State
    North Carolina
    Longitude
    -80.809246194412
    Latitude
    36.194069516298

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    FAQs

    What type of property is this?
    Individual retail property - High-yield NNN retail investment
    Where is this individual retail property located?
    The property is located at 5517 Us-21 Jonesville, NC.
    What is the asking price?
    The asking price for this property is $1,680,711.
    What are key features of this property?
    This property features: Fee simple ownership of a 10,640 square foot Dollar General Plus building on a 1.91-acre lot.; Investment-grade corporate guarantee (S&P: BBB/Stable).; Passive NNN lease structure.
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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
    5517 Us-21 Jonesville, NC 28642
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