110 Rowland Rd, Swannanoa, NC 28778-2128

This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General store in Swannanoa, North Carolina. Built in 2022 and situated on a 1.58-acre corner lot at a traffic light on Highway 70 (13,000 vehicles per day), this property boasts a prime location within a strong demographic area (40,000+ people within a 5-mile radius). The property features a 15-year absolute NNN lease (12.5 years remaining) commencing May 26, 2022, and expiring May 30, 2037, with 10% rent bumps in the lease options. The tenant, Dollar General, is a publicly traded company with an investment-grade credit rating (BBB/Stable on Standard & Poor's), providing significant financial stability. The current Net Operating Income (NOI) is $116,164, resulting in a 5.25% cap rate and a price per square foot of $207.99. The asking price for this fee-simple ownership is $2,213,000. The lease includes five, five-year options, further securing long-term income potential. This is a rare opportunity to acquire a corporate net-lease property in the thriving Asheville metro area. The property's strong tenant, excellent location, and long-term lease make it an attractive investment for discerning buyers.