Property summary
This exceptional investment opportunity presents a fee-simple, 9,100 square foot Dollar General grocery store located at 178 US-74 BUS, Bostic, NC 28018, in Rutherford County. Built in 2012, the property sits on a 1.09-acre lot and boasts a strong 7.10% cap rate with a Net Operating Income (NOI) of $90,982. The property features a triple-net (NNN) lease with a corporate guarantee, providing significant investor security. The current lease, commenced August 14, 2012, has a remaining term of approximately 8.8 years, extending to August 30, 2033, with five, five-year renewal options, each including a 10% rent increase. The property benefits from a high-traffic location on US-74 Business, experiencing 7,781+ vehicles per day, and serves a population exceeding 21,000 within a five-mile radius. Nearby national retailers include Lowe's, Walmart, Starbucks, and ALDI, further enhancing the property's desirability and potential for long-term growth. The asking price is $1,281,437, translating to $140.82 per square foot. This is a rare opportunity to acquire a stable, high-performing retail investment with a well-established tenant and significant remaining lease term. 100% occupancy since the opening date of August 14, 2012.
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6 recent transactions · within 1.5 miComparable in this City
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