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912 Vicksboro RdHenderson, NC 27537
Dollar General | Raleigh, NC | 6.70% Cap
Asset ClassRetail
Cap Rate6.7%
NEW CONSTRUCTION DOLLAR GENERAL
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Dollar General - Henderson, NC. The newly delivered building has signed a 15-year lease with Dollar General (Corporate). The Asset is located on at the intersection of Vicksboro Rd and Rock Mill Rd.

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Investment Highlights

Strong Corporate Guaranty

  • Dollar General was ranked #91 on the Fortune 500 2021 list
  • Over 19K locations in 46 states
  • 75% of Americans live within 5 minutes of a Dollar General

Strong Lease Fundamentals

  • Absolute NNN lease provides landlord zero responsibilities
  • 10% rental increases during option periods

New Construction

  • Built with Dollar General’s most upgraded prototype and will be transferred to new ownership with warranties in place

Strategically Located

  • Subject site fronts Vicksboro Rd, which is a main commuter corridor to Highway 1 (~1 Mile | 12K AADT)
  • Across the street form Carey Chapel Village (61 Homes)
  • Down the road form Garden Gate Villas, a senior living complex

Trade Market Need

  • Competing Dollar Tree (located ~1.3 miles away) is ranked in the top 83rd percentile of all Dollar Tree’s in NC (Placer.ai)
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912 Vicksboro RdHenderson, NC 27537

Sales Team

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Listing provided by Revere CRE