Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 13812 Nc-33
- Year built
- 2019
- Lot size
- 1.30 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fee-simple, Class A, 7,500 square foot Dollar General store located at 13812 NC-33, Blounts Creek, NC 27814. The property sits on a 1.3-acre lot and boasts a strong 100% occupancy rate with a long-term, absolute NNN lease expiring June 23, 2034 (approximately 9.6 years remaining). The lease includes 10% rent bumps in each of the 5-year renewal options, providing consistent income growth. The property benefits from its strategic location adjacent to the largest employer in Beaufort County, the Nutrien Aurora Phosphate Mine, ensuring high traffic volume on heavily trafficked NC Highway 33 (4,000 vehicles per day). With limited Dollar General competition within an 11-mile radius and no Family Dollars within 15 miles, this location enjoys a strong market position. The property's strong demographics, including over 1,300 people within a 5-mile radius with an average annual household income exceeding $70,000, further enhance its investment appeal. The asking price is $1,192,800, representing a $159.04 price per square foot and a 7.00% cap rate, with a current NOI of $83,496. The lease is corporately guaranteed by Dollar General, providing significant financial security. This is an ideal 1031 exchange asset. Built in 2019.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Blounts Creek
- County
- Beaufort
- State
- North Carolina
- Longitude
- -76.9521
- Latitude
- 35.3695
