702 George St, Goldsboro, NC 27530-2428
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GB · Goldsboro, NCGoldsboro. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.