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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

5517 Us-21 Jonesville, NC 28642

10,640 SF 1.91 ac lot Built 2022
Property ID
Property summary
AI-generated overview

This offering presents a fee-simple ownership opportunity in a 10,640-square-foot Dollar General Plus store located at 5517 US-21, Jonesville, NC 28642. Built in 2022 on a 1.91-acre lot, the property boasts a 15-year NNN lease with Dollar General Corporation, a leading discount retailer with an S&P investment-grade credit rating of BBB/Stable. The lease, commencing June 13, 2022, and expiring May 31, 2037, includes five five-year renewal options, each with a 10% rent increase. The property benefits from a prime location with direct frontage to the US Highway 21 and Interstate 77 interchange, ensuring high visibility and accessibility. The current annual net operating income (NOI) is $113,448, representing a 6.75% capitalization rate and a price per square foot of $10.66. The asking price is $1,680,711. This passive investment opportunity offers significant long-term value and stability, backed by a strong tenant and favorable lease terms. The property's essential business nature and corporate guarantee provide a secure and attractive return for investors seeking a low-maintenance, high-yield retail investment. The 100% occupancy further enhances the investment's appeal.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2022
Total area 10,640 SF
Lot 1.91 ac (83,200 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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