308 Blowing Rock Blvd Lenoir, NC 28645

This exceptional investment opportunity presents a fee-simple owned Dollar General located at 308 Blowing Rock Blvd, Lenoir, NC 28645. The 9,100 square foot property sits on a 1.22-acre lot and boasts 54 parking spaces. Built in 2012, this grocery store and storefront is situated in a high-visibility location on a primary thoroughfare, Blowing Rock Road, benefiting from excellent visibility and accessibility. The property features a 15-year Net Lease (NN) with a corporate guarantee from Dollar General, a nationally recognized, investment-grade (S&P: BBB) company. The current lease commenced March 1, 2012, and has approximately 2.3 years remaining, expiring March 1, 2027. The property enjoys 100% occupancy, generating a Net Operating Income (NOI) of $97,920, resulting in a 7.25% cap rate. The asking price is $1,351,000, translating to $148.46 per square foot. The property is zoned for General Commercial use and benefits from nearby new development and strong surrounding retail. Dollar General has a proven track record at this location, operating successfully for over 12 years. This offering includes the land and building. Note: This asset must be purchased with a separate Family Dollar property in Macon, GA (3656 Jeffersonville Road). Further details on the portfolio sale are available upon request.