Dollar General | Near Piedmont Triad

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103 Cherry St
Wilkesboro, NC

Price: $1,672,000

Cap: 6.75%

NOI: $112,812

Building Size: 10,640 SF

Lot Size: 1.26 AC

Investment Highlights

2023 UPGRADED CONSTRUCTION NC DOLLAR GENERAL

• 10,640 SF upgraded construction Dollar General located in Wilkesboro, NC.

• This store opened and rent commenced in May 2023.

WILKESBORO, NC | COUNTY SEAT OF WILKES COUNTY

• This Dollar General is located directly across the street from Tyson Foods poultry processing plant; it is one of the largest poultry plants east of the Mississippi River.

• Wilkes Community College is less than 1 mile from this Dollar General and has over 4,600 students enrolled.

• A 435,000 SF Lowe’s distribution center is located in Wilkesboro and employees 2,000 people at this center. 2 MILES FROM MAIN RETAIL CORRDIOR IN WILKESBORO

• This Dollar General is strategically positioned 2 miles from the main retail pocket in Wilkesboro.

• National Retailers include Lowe’s Foods, Lowe’s Home Improvement, ALDI, Goodwill, Kohl’s and more.

NEAR TRIAD REGION OF NC (GREENSBORO - HIGH POINT - WINSTON SALEM)

• This Dollar General is located 50 minutes west of downtown Winston-Salem and the Piedmont Triad off Hwy 421 (28,000 VPD).

• The Triad is known as one of the primary manufacturing and transportation hubs of the southeastern U.S. and includes Greensboro, Winston-Salem and Highpoint, NC.

• The Piedmont Triad has an estimated population of 1,611,243 making it the 33rd largest combined statistical area in the United States

• There are more than 20 Colleges and Universities within the Triad including Wake Forest

• University, Elon University, and High Point University. These schools have a combined student count of 20,000.

14-YEAR CORPORATE NNN LEASE

• There are 14 years remaining on the 15 year corporate guaranteed NNN lease with Dollar General.

• Tenant is 100% responsible for all expenses including taxes, insurance, roof and structure.

• There are 10% rent increases in each of the Five, 5-year option periods.

INVESTMENT GRADE TENANT (S&P: BBB)

• Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB.

• Currently over 20,000 locations and plans to open 800 stores in 2024.

• Dollar General has been in business for 80 years and has a current net worth of over $6.2 billion.

Don McMinn

678-808-2762 | EMAIL >

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