Current Use by Public Records
- Retail properties & Spaces
Property Details for 3738 Hwy 64
- Year built
- 2024
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General storefront in Mocksville, NC. Boasting a 15-year absolute NNN lease with a strong 6.60% cap rate and $164,169 annual NOI, this property offers significant passive income potential. The lease includes attractive 5% rental increases every five years, ensuring consistent growth. Located at a hard corner intersection on a major artery with high daily traffic counts, this property benefits from exceptional visibility and accessibility. The building, constructed in 2024, features a modern design with partial brick and wood siding. The tenant, Dollar General, is an investment-grade credit tenant (S&P rating: BBB), the nation's largest retailer with over 19,700 stores. This location serves a thriving community with strong average household incomes exceeding $72,000 within a 3-5 mile radius, and is strategically positioned near major highways (I-40), providing convenient access to Winston-Salem, Greensboro, and Knoxville. The property's proximity to schools, national forests, and state parks further enhances its appeal. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a long-term lease and built-in growth potential. The property is situated in Davie County, NC, at 3738 Hwy 64 W, Mocksville, NC 27028.
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
- Harmony
- County
- Davie
- State
- North Carolina
- Longitude
- -80.6903
- Latitude
- 35.9049
