Dollar General initially signed a 10 year Lease in 2003 and amended the Lease in 2009 to extend for another 9 years. The current Lease term runs to 11/30/2018 with 2, 5-year options to extend. Amended again in 2015 to extend for another 5 years to run through 11/30/2023. The Lease calls for rent increase beginning on 12/1/2018 to $70,200 + $150/ month CAM during extended term and first option. Then 5% rent increases in first option period and 10% in second option period. Taxes are reimbursed 100%. Insurance is paid directly by Dollar General.
The subject property is a 9,100+/- square foot Dollar General store located at 186 Weeks Drive, Roxboro, NC 27573. The store was built in 2003 and sits on roughly a 1 acre parcel on a hard corner location. Area Retailers Include: Wal-Mart, Lowe’s Home Improvement, Golden Corral, Arby’s, and Dollar Tree.