855 Glenn Brg Rd, Arden, NC 28704-8411

This exceptional investment opportunity presents a fee-simple, single-tenant Dollar General property in Arden, North Carolina. The 9,100 square foot building, constructed in 2021, sits on a 2.65-acre lot and boasts a 100% occupancy rate. The absolute NNN lease, commenced February 16, 2021, features a 15-year initial term with five 5-year renewal options, each including a 10% rent increase. The current lease has 11.3 years remaining. The property generates a substantial net operating income (NOI) of $109,380, resulting in a 6.50% cap rate and a price per square foot of $184.92. The asking price is $1,682,769. Benefiting from a high-traffic location on Glenn Bridge Road (12,468 vehicles per day), the property is strategically positioned near Asheville Regional Airport and a population exceeding 57,200 within a 5-mile radius. This investment offers a low-risk, passive income stream with minimal landlord responsibilities, making it ideal for long-term growth and potential 1031 exchange opportunities. The property's prime location and strong tenant (Dollar General) with a corporate guarantee provide exceptional stability and return on investment. The building is a single-story structure. The address is 855 Glenn Bridge Rd, Arden, NC 28704.