Property profile

176 Wadesboro Blvd Mount Gilead, NC 27306

OFF-MARKET
Industrial land
Property ID
US53-4634351
1.88 ac lot Built 2022
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a brand-new, 12,774-square-foot Dollar General "Market" store in Mt. Gilead, North Carolina. Located on Wadesboro Blvd, a main thoroughfare with a high daily traffic volume of 4,100 vehicles, this property benefits from a prime location within the town. The store, built in 2023, operates under a 15-year net lease (NNN) agreement with a corporate guarantee from Dolgencorp, LLC, commencing January 1, 2023, and expiring December 31, 2037. This leaves a substantial remaining lease term of 13.1 years. The property boasts a 7.65% cap rate and a strong net operating income (NOI) of $124,788, with a price per square foot of $127.70 and an asking price of $1,631,215. The tenant, Dollar General, is an investment-grade credit tenant (S&P BBB rating), with over 20,000 stores nationwide and $38.7 billion in sales in fiscal year 2023. This "Market" store represents a larger prototype with expanded cooler/freezer space, reflecting the company's commitment to the area and the growing demand for fresh produce. The property is zoned commercial and represents an ideal 1031 exchange opportunity. The 100% occupancy commenced January 1, 2023. This is a rare opportunity to acquire a high-performing, stable investment in a strong retail sector.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Year built 2022
Lot 1.88 ac (81,893 SF)
APN 6593 12 95 4641
UPID US53-4634351

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

176 Wadesboro Blvd Mount Gilead, NC 27306-9249
Mount Gilead metro Census 960401
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2023
4 recorded transactions
2023
Price N/A
2022
Price N/A
2022
$125,000
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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