Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The General Business district is established to accommodate the widest range of uses providing general goods and services to the community
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
GB · Goldsboro, NCThe General Business district is established to accommodate the widest range of uses providing general goods and services to the community
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The General Business district is established to accommodate the widest range of uses providing general goods and services to the community
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GB in Goldsboro, NC.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning