Dollar General

107 NC Highway 46, North Carolina, Garysburg, North Carolina

Details

For sale to qualified investors is an opportunity in the single tenant, NN-leased Dollar General (NYSE: DG) located at 107 NC-46 in Garysburg, North Carolina.  Dollar General has occupied the property since 2006 and recently showed their long-term   commitment to this site by adding 5 years to the current lease term, giving them 5 years of corporately-guaranteed term remaining, plus four five-year options.  Dollar General is obligated to reimburse the owner for snow removal, insurance and property taxes with no annual caps on increases.  Additionally, they also reimburse a fixed monthly amount towards parking lot maintenance and repairs (currently $375.58 per month).  Dollar General serves as the  primary retailer to this community which has allowed it to thrive during its tenure at the site.  This investment offers the purchaser the ability to acquire a property with a solid tenant history, commitment to the future, and virtually no competition within the nearby area.  

Location