Dollar General NNN Property For Sale — Kenansville, NC
641 S Main St, Kenansville, NC 28349
This freestanding Dollar General is strategically positioned along Kenansville’s primary commercial corridor, offering exceptional visibility and convenient access from Highway 11/S. Main Street, the town’s main north-south thoroughfare. The property benefits from consistent local traffic, strong community loyalty, and proximity to key neighborhood anchors including schools, municipal offices, and residential developments. Dollar General has been the sole tenant since 2000 and is one of the most profitable in the region. The lease was recently renewed through 2030 with a new 5-year option, demonstrating their commitment to this location. Offered at less than replacement cost, the property sits on 1.49 acres, presenting an attractive opportunity for future redevelopment. Kenansville has ex…
- Address: 641 S Main St, Kenansville, NC 28349
- Asking price $688,296
- 7.15% cap rate
- NOI $49,213
- 4.3 years remaining
- NNN lease
- Year built: 2000
- Building size: 8,000 SF
- Lot size: 1.49 acres
- Lease expiration: Dec 31, 2030
- Rent increases: 7.5% rent increase at the start of the next 5-year option.
- Guarantor: Corporate
Location
This Dollar General property is at 641 S Main St in Kenansville, North Carolina.
Asset type: Retail