Nec. Indian Spg Rd And Emmaus Church Rd, Brogden, NC 28333
- Retail properties & Spaces
- 10,640 SF
- 1.98 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 0 Nec. Indian Spg Rd And Emmaus Church Rd
- Year built
- 2024
- Lot size
- 1.98 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,640 square-foot Dollar General store in Dudley, NC. Located at the intersection of Indian Springs Road and Emmaus Church Road, this property boasts a 15-year absolute NNN lease with a corporate guarantee, commencing December 31, 2024, and expiring January 1, 2040. The lease includes five 5-year renewal options, each with a 5% rent increase, ensuring consistent income growth and inflation protection. The property features 35 parking spaces and sits on a 1.98-acre lot, zoned for general commercial use. With a 6.65% cap rate and a net operating income (NOI) of $131,988, this property offers a compelling return on investment. The building, constructed in 2024, benefits from high visibility due to significant street frontage and a large pylon sign. The strong demographics of the area, with over 11,000 residents and 4,000 employees within a 5-mile radius and an average household income of $90,807 within a 3-mile radius, further enhance the property's value. This is a truly management-free investment opportunity with zero landlord responsibilities, making it ideal for passive investors seeking a stable and appreciating asset. The property's price per square foot is $186.56, and the asking price is $1,985,000.
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
- Brogden
- County
- State
- North Carolina
- Longitude
- -77.9967
- Latitude
- 35.2939
