Current Use by Public Records
- Retail properties & Spaces
Property Details for 11185 Us-301
- Year built
- 2024
- Lot size
- 2.34 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Drug stores
Description
This exceptional investment opportunity presents a fee-simple interest in a brand-new, 10,640-square-foot Dollar General located at 11185 US-301, Lumberton, North Carolina, 28360. Built in 2024, this single-story building sits on a 2.34-acre lot and offers 40 parking spaces. The property boasts a 15-year absolute NNN lease with a credit-rated, corporate-guaranteed tenant, Dollar General, providing minimal landlord responsibilities. Rent commences in November 2024 and includes 10% rent bumps at each of the five-year lease option periods. The asking price is $2,130,000, representing a price per square foot of $200.19 and a 6.75% cap rate, with a current NOI of $143,723. The property benefits from its strategic location near I-95 and Magnolia Elementary School, and enjoys strong average household incomes within a five-mile radius ($80,368, $90,975, and $96,086 respectively). This investment offers exceptional stability and growth potential, backed by a financially sound tenant with over 20,000 locations nationwide. The property's proximity to major roadways and a strong local demographic profile further enhance its long-term value. This is a rare opportunity to acquire a high-quality, net-leased retail property with a strong tenant and favorable lease terms.
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
- Lumberton
- County
- Robeson
- State
- North Carolina
- Longitude
- -79.0022
- Latitude
- 34.7154
