135 Vass Rd Raeford, NC 28376

This exceptional investment opportunity presents a brand-new, 10,542-square-foot Dollar General store in Raeford, North Carolina. Built in 2024, this single-tenant property boasts a 15-year absolute net lease with five, five-year renewal options, each featuring a 5% rent increase. The lease commenced September 16, 2024, and expires September 30, 2039, providing a substantial remaining lease term of approximately 14.9 years. Located at a prime corner location on Vass Road, the property benefits from high traffic volume exceeding 10,000 cars daily. Its strategic location near multiple apartment complexes, Upchurch Elementary School, and Hoke Middle School ensures consistent customer traffic. The property sits on a 1.48-acre lot and is zoned for commercial use. The tenant, Dollar General, is a publicly traded company (NYSE: DG) with an investment-grade credit rating of "BBB" by Standard & Poor's, boasting a market capitalization of $33.35 billion and annual revenue exceeding $38.7 billion. This NNN investment offers a compelling 6.40% cap rate and a strong net operating income (NOI) of $151,908, making it an attractive addition to any portfolio. The asking price is $2,374,000, translating to a price per square foot of $225.19. The property's proximity to Fayetteville and Fort Bragg further enhances its long-term value and potential.