Property profile

702 George St Goldsboro, NC 27530

OFF-MARKET
Automotive properties
Property ID
US53-4600701
0.95 ac lot
Trust Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents the fee simple ownership of a brand-new, 12,668 square foot Dollar General store in Goldsboro, North Carolina. The property boasts a 15-year absolute NNN lease with five 5-year options, ensuring long-term, stable income. The lease includes a 5% rent increase every five years, providing built-in protection against inflation. Located on a 2.06-acre lot at 702 N George St, the single-story building features 49 parking spaces and benefits from excellent visibility and accessibility. The property is zoned GB - General Business & I-2 - General Industry. The strong tenant, Dollar General, is backed by a corporate guarantee, minimizing risk. With a current NOI of $159,168 and a 6.65% cap rate, this property offers a compelling return on investment. The property's proximity to Berkeley Mall (458,000+ sq ft), UNC Health Wayne (245 beds), and Goldsboro High School (470 students) further enhances its value and potential for future growth. Built in 2024, this is a truly passive investment opportunity with zero landlord responsibilities. The asking price is $2,394,000.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Lot 0.95 ac (41,550 SF)
Zoning code GB
APN 2599991127
UPID US53-4600701

Cap rate & NOI

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

Location

702 George St Goldsboro, NC 27530-2428
Goldsboro metro Census 1800 GOLDSBORO, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.87M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.67M

Owner & transaction history

since 2025
Last sale
$2.3M
4 recorded transactions
2025
$2.3M
2024
Price N/A
2024
$167,000
2015
Price N/A

Zoning & alternative use

GB · Goldsboro, NC
Zoning description

The General Business district is established to accommodate the widest range of uses providing general goods and services to the community

General category COMMERCIAL

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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