455 Pirates Rd New Bern, NC 28562

This exceptional investment opportunity presents a 9,014-square-foot Dollar General convenience store located at 455 Pirates Rd, New Bern, NC 28562. The property boasts a strong 7.73% cap rate and a substantial net operating income (NOI) of $73,416. The single-tenant building, constructed in 2007, sits on a 1.15-acre lot and is zoned C. The lease is a Net Lease (NN) structure, minimizing landlord responsibilities, and features a corporate guarantee from Dollar General, Inc., providing significant security. The current lease, commencing August 1, 2007, has a remaining term of approximately 2.7 years, with four (5-year) lease options, each including a 10% rent increase. The property benefits from its strategic location near US Highway 17 S, a high-traffic area with over 18,750 vehicles per day. The surrounding area demonstrates strong demographics, with an average household income exceeding $78,000 within a 3-mile radius. This presents a compelling investment opportunity for those seeking a stable, high-yielding asset with a nationally recognized, financially sound tenant. The property's 100% occupancy and proven profitability make it an attractive option for 1031 exchange buyers.