Property profile

2526 Blacksburg Rd Grover, NC 28073

OFF-MARKET
Retail properties & Spaces
9,026 SF 2 ac lot Built 2015
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2015
Total area 9,026 SF
Lot 2 ac (87,120 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Postal Service Courier Service
  • Discount Store
  • Bank Credit Union

Location

2526 Blacksburg Rd Grover, NC 28073
Grover metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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