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137 Family Church Rd, Murphy, NC, 28906

Dollar General
$685,000

Key Information

Cap Rate
8.6%
Tot. SF
9,100
Year Built
2004
Term Remaining
±5.5 Yrs
Type
Retail
NOI
$58,901

Highlights

  • Proven Long-Term Operating History: Dollar General has successfully operated at this location since 2004. The tenant has exercised three lease extensions to date, underscoring its long-standing commitment to the site.
  • Recent Lease Extension: Dollar General executed a 5-year lease extension, further validating the location’s operational performance and long-term viability.
  • Scheduled Rent Escalation: The lease includes a 5% rental increase effective May 2027, providing built-in income growth for investors.
  • Recent Capital Improvements: The property has benefited from significant recent capital expenditures, including a full parking lot resurfacing (October 2025), installation of a new HVAC unit (February 2024), and a new HVAC compressor (April 2024), reducing near-term maintenance obligations.
  • Structured Long-Term Lease: The lease includes six (6) additional five-year renewal options, each with 5% rent increases, offering long-term income stability and inflation protection.

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