505 Dr Donnie H Jones Jr Blvd Princeton, NC 27569
- Retail properties
- 10,532 SF
- 1.65 lot acres
Current Use by Public Records
- Retail properties
Property Details for 505 Dr Donnie H Jones Jr Blvd
- Year built
- 2023
- Lot size
- 1.65 lot acres
- Property size
- 10,532 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a fee-simple ownership of a 10,532 square foot retail property in Princeton, North Carolina. The property is currently 100% occupied by a Dollar Tree/Family Dollar, a dual-branded store operating under a corporate guarantee from a Fortune 200 company. The Net Lease (NN) structure minimizes landlord responsibilities, with the tenant responsible for property maintenance, insurance, and taxes. The lease commenced July 10, 2023, and has a remaining term of 8.8 years, with six five-year renewal options. The property boasts a 7.60% cap rate and a strong NOI of $123,165. Located at 505 Dr Donnie H Jones Jr Blvd W, Princeton, NC 27569, on a 1.65-acre lot, this single-story, Class A building was constructed in 2023. The property benefits from its strategic location near US-70, a major thoroughfare with over 30,000 vehicles per day, providing excellent visibility and accessibility. The surrounding area exhibits a growing population and average household income of $90,039 within a three-mile radius, supporting strong demand for value-oriented retail. Limited competition in the immediate area further enhances the property's long-term viability and potential for consistent rental income. The asking price is $1,625,000, translating to a price per square foot of $154.29. This presents a compelling investment opportunity with significant potential for long-term returns.
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
- Princeton
- County
- Johnston
- State
- North Carolina
- Longitude
- -78.1637
- Latitude
- 35.4702
