160 Briggs Rd, Salisbury, NC 28147

This exceptional investment opportunity presents a fee-simple, absolute NNN leased Dollar General property in Salisbury, North Carolina. Built in 2023, this 10,542 square foot building sits on a 2-acre lot and boasts premium construction (no metal siding). The property benefits from a 14-year remaining lease term (initial 15-year lease commencing July 7, 2023, expiring July 31, 2038) with five, 5-year renewal options, each including a 10% rent increase. The current annual net operating income (NOI) is $116,160, representing a 6.75% cap rate on the $1,720,888 asking price. The tenant, Dollar General Corporation, holds an investment-grade credit rating and provides a corporate guarantee. This is a single-tenant, 100% occupied property located in a strong demographic area with an average household income of $86,003 and a 5-mile population of approximately 27,471 residents. The property's location in Salisbury, approximately 40 miles northeast of Charlotte, ensures excellent visibility and accessibility. This is a low-management, high-return investment with significant long-term potential. The Dollar General PLUS concept store size suggests above-average sales volume projections for this location.