Dollar General
Single-Tenant Offerings
Dollar General
1054 Rocky Run Road
Midway Park (Jacksonville MSA), NC
- Price:
- $1,819,000
- Cap Rate:
- 6.05%
- NOI:
- $110,040
- Rentable SQFT:
- 10,640 SF
- Year Built:
- 2023
- Lot Size:
- 2.0 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Available
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- 10% Rental Increases Every 5 Years Beginning in Each Option Period
- Investment Grade Credit Tenant, Rated ‘BBB’ by S&P
- Dollar General is the Nation’s Largest Retailer with 19,000+ Stores
- Classified Nationally As An Essential Retailer for Daily Shopping Needs
- Brand New Upgraded Construction with Brick Façade on an Oversized Parcel
- Serving Over 72,000 Residents in Rapidly Growing Trade Area
- Directly Off NC-24 with 20,000 Cars/Day and Easy Access to NC-17 with 42,000 Cars/Day
- Minutes to Coastal Carolina Community College with 3,800 Students and Nearby Several K-12 Schools with Over 8,000 Students
- North of Camp Lejeune (2nd Largest U.S. Marine Base) with a Population of 137,500 and West of Cherry Point with a Base Population of 53,000
- Economic Impact of Camp Lejeune is Over $7 Billion, National Defense Authorization Act Includes Over $166 Million for Construction at Camp Lejeune and Cherry Point Air Station
- Close Proximity to the Crystal Coast with 50,000 Weekly Visitors During Peak Summer Season and the Croatan National Forest with 2.1+ Million Visitors Annually
- Tourism Expenditures in Eastern North Carolina Exceed $3.95 Billion
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