Current Use by Public Records
- Retail properties & Spaces
Property Details for 2961 Boomer Rd
- Year built
- 2019
- Lot size
- 1.53 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 9,100 square foot Dollar General storefront in Boomer, NC, built in 2019. The property boasts a 15.1-year absolute NNN lease with a corporate guarantee and 9.7 years remaining. The lease features five 5-year options with a 10% rent increase at the beginning of each. The property enjoys a strong location with over 6,000 vehicles per day passing the intersection, serving a population exceeding 5,000 within a 5-mile radius and average household incomes exceeding $61,000. The asking price is $1,525,000, representing a 6.84% cap rate and a price per square foot of $167.58. The property sits on a 1.53-acre lot and generates a net operating income (NOI) of $104,256. This is a low-maintenance, high-return investment with a strong tenant and long-term lease. The property's location is 9.2 miles from Wilkesboro, NC and 35.5 miles from Hickory, NC. The tenant enjoys a S&P credit rating of "BBB". This is a turnkey investment with minimal landlord responsibilities. The property's 100% occupancy ensures a consistent income stream.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Boomer
- County
- Wilkes
- State
- North Carolina
- Longitude
- -81.2548
- Latitude
- 36.0682
