1987 Main St Williamston, NC 27892
- Retail properties
- 10,542 SF
- 2.44 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1987 Main St
- Year built
- 2024
- Lot size
- 2.44 lot acres
- Property size
- 10,542 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fee-simple interest in a brand-new, 10,542 square-foot Dollar General store located at 1987 W Main St, Williamston, NC 27892. The property sits on a 2.44-acre lot in a high-traffic commercial highway zone, boasting excellent visibility and access with 47 parking spaces. Built in 2024, this single-tenant building benefits from a 15-year absolute NNN lease with a corporate guarantee from Dollar General, a nationally recognized and creditworthy tenant. The lease includes five 5-year renewal options, ensuring long-term income stability. Rent increases of 5% every five years throughout the initial term and at the beginning of each option period provide built-in inflation protection. The property's strong Net Operating Income (NOI) of $147,720 yields a compelling 6.65% cap rate, making it an attractive, low-management investment. The property's location within a dense retail corridor, near schools, and on a signalized intersection further enhances its investment potential. This is a truly passive investment opportunity with zero landlord responsibilities. The asking price is $2,221,500.
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
- Williamston
- County
- Martin
- State
- North Carolina
- Longitude
- -77.0868
- Latitude
- 35.8394
