17340 Andrew Jackson Hwy Laurinburg, NC 28352
- Retail properties
- 10,640 SF
- 2.45 lot acres
Current Use by Public Records
- Retail properties
Property Details for 17340 Andrew Jackson Hwy
- Year built
- 2024
- Lot size
- 2.45 lot acres
- Property size
- 10,640 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a newly constructed, 10,640 square foot Dollar General located at 17340 Andrew Jackson Hwy, Laurinburg, NC 28352. The property sits on a 2.45-acre lot and boasts a 15-year absolute NNN lease with a corporate guarantee from Dollar General, a Fortune 500 company with over 19,000 locations nationwide. The lease commenced October 20, 2024, and includes five 5-year renewal options, each with a 5% rent increase. The current annual net operating income (NOI) is $136,740, yielding a compelling 6.65% cap rate. This Class A property benefits from excellent visibility and high traffic counts due to its strategic location near major roadways and significant population centers, including Scotland High School (over 1,350 students), St. Andrews University (approximately 1,000 students), and South Johnson Elementary School (over 600 students). Furthermore, the property's proximity to the Laurinburg-Maxton Airport and the new So-Pak-Co facility, a $85 million project creating 440 jobs and a $1.5 billion state economic impact, ensures strong long-term growth potential. The property is a single-story building constructed in 2024, offering a low-maintenance, passive investment opportunity with significant upside potential. This is a fee-simple ownership offering a secure, long-term investment with built-in rent escalations.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Laurinburg
- County
- Scotland
- State
- North Carolina
- Longitude
- -79.5078
- Latitude
- 34.7901
