304 Mutual Blvd Princeville, NC 27886

This exceptional investment opportunity presents a fee-simple, 9,014 square-foot Dollar General located at 304 Mutual Blvd, Princeville, NC 27886. Built in 2010 on a 1.33-acre lot, the property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $75,853. The property is currently operating under a 20-year net lease (NN+) with a corporate guarantee from Dollar General, a publicly traded company. The lease commenced on May 20, 2010, and has a remaining term of 5.5 years, with five, five-year renewal options, each including a 10% rent increase. The asking price is $948,163, translating to a price per square foot of $105.19. The property enjoys 100% occupancy and benefits from a low rent and price point, minimizing landlord responsibilities. The location is advantageous, with nearby tenants including Walmart, Lowe's, Starbucks, and Tractor Supply. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a strong tenant and significant remaining lease term. The property is situated in Edgecombe County, North Carolina.