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224 E Stage Coach Tr, Lawndale, NC, 28090

DOLLAR GENERAL MARKET
$2,273,393

Key Information

Cap Rate
6.6%
Tot. SF
12,718
Year Built
2023
Term Remaining
±13 YRS
Type
Retail

Highlights

LEASE & LOCATION:

  • 2023 build-to-suit construction for Dollar General
  • 15-Year absolute NNN lease (commencement of June 2024)
  • 5% rental increases every 5-years for the life of the lease
  • Ranks in the top 18% of all Dollar General stores nationwide (Placer.ai)
  • Dollar General MARKET stores are DG’s grocery store concept withBan expanded section for consumables
  • Larger Dollar General MARKET prototype (12,718 SF building)
  • 58,970 residents located within a 10-mile radius
  • Zero landlord management responsibilities
  • Average household income of $86,499 (considered to be Dollar General’s “sweet-spot”)
  • Larger ±3.12-acre lot
  • Lawndale is located approx. 10-miles North of Shelby and 55-miles East of Charlotte

TENANT:

  • Dollar General has an investment grade credit rating of BBB (S&P)
  • Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic
  • Dollar General has ±21,000 locations and plans to continue their expansion for the foreseeable future

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # C38369 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203