Dollar General – Boiling Springs Lake, NC
Boiling Springs Lake, NC 28461
Landlord to credit difference between current rent and future rent at closing. Approximately $7,000.
Amazing store - Excellent Store Sales
*Please Request Lease Agreements for further clarification
INVESTMENT & LOCATION OVERVIEW
- Strong Sales – no Percentage (%) Rent – over $1.90 million in sales in 2014
- Proven Location
- NORTH CAROLINA – EXCELLENT REAL ESTATE
- Corporate Guaranteed ($16.01 Billion Revenue / $3.3 Billion Net Worth approximately) • Dollar General: #195 in Fortune 500 – S&P BBB- Rating – Investment Grade
- 9,014 SF – Larger Store Format
- NEW HVAC Units to be installed in Summer 2015
- Two, Five-Year Option Remaining
- Property located in Boiling Springs/Southport suburb off State Hwy 87 just 18 miles South of Wilmington, NC
- Low Price per Square Foot for North Carolina
- Local retail includes Sunoco, Kopps, Security Savings Bank, BP, BSL Mini Mart, ABC Store
- Dollar General has enrolled this store in its national insurance program
The Dollar General # 10,171 – is a proven location. The property is located at 3196 A George II Highway 87 Boiling Springs Lake, NC located just off State. Hwy 87 between Bolivia & Southport, just south of Wilmington. The Dollar General property is a 9,014 Square Foot property built in 2005. The rent is a double net (NN) lease with landlord responsible for Roof, Structure, Parking Lot & HVAC. The property is offered at an 8.25% Cap Rate. Minimal maintenance is required with 4.75% increase in 4.5 years and 10% increases during the final, five-year option.
Boiling Springs Lake, NC is a suburb off State Highway approximately 18 miles south of Wilmington NC & 5 miles northwest of Southport, NC.
Dollar General Corporation is the nation’s largest small-box discount retailer. We make shopping for everyday needs simpler and hassle-free by offering a carefully edited assortment of the most popular brands at low everyday prices in small, convenient locations. Dollar General ranks among the largest retailers of top-quality brands made by America’s most-trusted manufacturers, such as Procter & Gamble, Kimberly Clark, Unilever, Kellogg’s, General Mills and Nabisco.
About 12,000 core products from America’s most-trusted manufacturers
9+ distribution centers
BBB– Rating by Standard & Poor’s
Headquarter are located at 100 Mission Ridge Goodlettsville, TN 37072