2526 Blacksburg Rd Grover, NC 28073
- Retail properties
- 9,026 SF
- 2.00 lot acres
Current Use by Public Records
- FedEx OnSite / Mailing Service
- Dollar General / Dollar Store / Convenience Store
- Western Union / Money Transfer Service / Money Order Service
Property Details for 2526 Blacksburg Rd
- Year built
- 2015
- Lot size
- 2.00 lot acres
- Property size
- 9,026 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 9,026 square foot Dollar General storefront located at 2526 Blacksburg Rd, Grover, NC 28073. Built in 2015, this property sits on a 2-acre lot and boasts a strong 7.25% cap rate, generating a net operating income (NOI) of $77,836. Currently operating at 100% occupancy under a single-tenant net lease with Dollar General, the property offers significant long-term stability. The lease features a 15-year term expiring in 2030, with five remaining 5-year options, each including a 10% rent increase. This strategic location across from the Orinco Oil plant benefits from high traffic and a lack of competing retailers, ensuring consistent customer flow. The property's size and prime location make it an ideal investment for those seeking a stable, high-yielding retail asset in a growing market. The asking price is $1,075,000. This is a turnkey investment opportunity with a proven track record and significant upside potential. The property's strong tenant, long-term lease, and favorable location combine to create a compelling investment proposition. Don't miss this chance to acquire a high-performing retail asset in a desirable location.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grover
- County
- Cleveland
- State
- North Carolina
- Longitude
- -81.5313
- Latitude
- 35.2096
