Dollar General NNN Property For Sale — Southport, NC
4421 Long Beach Road SE, Southport, NC 28461
This is a brand new, upgraded construction Dollar General located in Southport, NC. This 9,208 SF build-to-suit property features brick construction and was completed in March 2019. The property is strategically located on the Southeastern NC coast, 32 miles south of Wilmington, NC, and is part of the Myrtle Beach MSA and the NC Brunswick Islands, an area that generated $562.6M in tourism revenue in 2017. The Southport location boasts attractive demographics with a 5-mile average household income over $77,000 and nearly 18% growth. The property benefits from its proximity to primary retail corridors, situated on Hwy 133 (16,000 VPD) and less than 1-mile from Hwy 211 (26,000 VPD). National retailers nearby include Lowe’s Home Improvement, Walmart, Food Lion, Lowe’s Foods, Walgreens, and Mc…
- Address: 4421 Long Beach Road SE, Southport, NC 28461
- Asking price $2.41M
- 5.50% cap rate
- NOI $132,420
- 7.6 years remaining
- NNN lease
- Year built: 2019
- Building size: 9,208 SF
- Lot size: 0.70 acres
- Lease expiration: Mar 31, 2034
- Rent increases: Years 1-15: $132,420; Years 16-20 (Option 1): $145,656; Years 21-25 (Option 2): $160,224; Years 26-30 (Option 3): $176,244; …
- Guarantor: Corporate
Location
This Dollar General property is at 4421 Long Beach Road SE in Southport, North Carolina.
Asset type: Retail