Rare opportunity to acquire this investment grade, single tenant NN lease Dollar General (NYSE: DG) below replacement cost at a very low price point and low rent per square foot. Serving as a mini-grocery, this is a strategic location as the only dollar store in the vicinity and no other retail competition within a 15 mile radius. Minimal landlord responsibility of roof, structure and exterior maintenance with the tenant reimbursing for parking lot maintenance, taxes, and insurance. Dollar General early extended the lease by 5 years and invested in a complete interior remodel and re-striped the parking lot (2016) showing its commitment to this location.
The subject property is a 9,065 SF build-to-suit on ±1.18 acre site with approximately 180 feet of frontage on NC Highway 9 which connects US Highway 74 to the south with US Highway 64 at Lake Lure and Chimney Rock. North Carolina Highway 9 (NC 9) is a 46.4-mile primary state highway serving as a connector route from South Carolina Highway 9 to eastern portions of the Appalachians around Asheville. This is a popular and growing lake and outdoor activity area in western North Carolina between Asheville, NC and Greenville/Spartanburg, SC with many vacation and retirement homes are in the area.