178 Us-74 Bus Bostic, NC 28018
- Retail properties
- 9,100 SF
- 1.09 lot acres
Current Use by Public Records
- Retail properties
Property Details for 178 Us-74 Bus
- Year built
- 2012
- Lot size
- 1.09 lot acres
- Property size
- 9,100 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bostic
- County
- Rutherford
- State
- North Carolina
- Longitude
- -81.8374
- Latitude
- 35.3328
