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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

0 Nec. Indian Spg Rd And Emmaus Church Rd Brogden, NC 28333

10,640 SF 1.98 ac lot Built 2024
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2024
Total area 10,640 SF
Lot 1.98 ac (86,249 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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