2046 Salisbury Hwy Statesville, NC 28677-2779

Property Details for 2046 Salisbury Hwy

Year built

2016

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.52 lot acres

Property size

12,096 SF

Zone code

B-5

Property type

Commercial real estate

APN

4753-66-0721.000

APU

4753660721000

Description

This exceptional investment opportunity presents a fee-simple ownership of a 9,100-square-foot Dollar General store located at 2046 Salisbury Hwy, Statesville, NC 28677. The property sits on a 2.52-acre lot and boasts a 7.25% cap rate, generating a net operating income (NOI) of $92,045. Built in 2016, this single-tenant building benefits from a 15.1-year absolute NNN lease with a credit-rated corporate guarantor, ensuring minimal landlord responsibilities. The current lease, commenced May 8, 2016, has a remaining term of 6.5 years, expiring May 30, 2031, and includes five, 5-year lease options with a 10% rent increase each time. The asking price is $1,269,585, translating to $139.51 per square foot and $1,269,585 per unit. The property enjoys excellent visibility along Salisbury Hwy, a high-traffic area with over 17,900 vehicles passing daily. Its strategic location near other retailers, apartments, and schools further enhances its appeal and potential for sustained profitability. The strong demographics of the area, with over 42,000 residents and a positive growth rate, contribute to the property's long-term value. This is a rare opportunity to acquire a well-performing, low-maintenance investment with a secure, long-term lease and a strong tenant.

Location Insight

City

Statesville

County

Iredell

State

North Carolina

Longitude

-80.8337

Latitude

35.7604

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments