1112 Old Stage Rd Yadkinville, NC 27055
- Retail properties
- 10,542 SF
- 2.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1112 Old Stage Rd
- Year built
- 2024
- Lot size
- 2.00 lot acres
- Property size
- 10,542 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a brand-new, 10,542-square-foot Dollar General Plus convenience store located at 1112 Old Stage Rd, Yadkinville, NC 27055. Built in 2024, the property sits on a 2-acre lot with 36 parking spaces and boasts a prominent location at the hard corner intersection of Hwy 601 and Old Stage Rd, ensuring high visibility and accessibility. The property features a 15-year absolute NNN lease (commencing August 2, 2024, and expiring August 31, 2039) with a strong corporate guarantee from Dollar General Corporation, a company with over 19,414 locations across North America and an investment-grade credit rating of Baa2/BBB. The lease includes a 5% rent increase every five years, providing consistent income growth. The current net operating income (NOI) is $143,484, resulting in a compelling 6.50% cap rate. The property benefits from its proximity to major transportation routes (less than 5 minutes from US Hwy 421, with 20,500 vehicles per day), significant employers (Unifi and B&G Foods), and a strong retail environment including Tractor Supply, CVS, and other national brands. This is a truly passive investment with zero landlord responsibilities, offering a secure and lucrative return for investors. The property's location in Yadkinville, the county seat of Yadkin County, further enhances its value and long-term potential.
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
- Yadkinville
- County
- Yadkin
- State
- North Carolina
- Longitude
- -80.6492
- Latitude
- 36.0879
