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Dollar General Market 12606 Garland Hwy 10,640 SF Retail Building Garland, NC 28441 $2,337,000 ($219.64/SF) 6.50% Cap Rate
EXECUTIVE SUMMARY
Desirable Lease Terms: Brand new 15-year Absolute NNN lease with 5% increases every 5 years
Zero Landlord Responsibilities: Absolute NNN lease with ZERO landlord responsibilities
Brand New Construction: 2025 build-to-suit for Dollar General; Rent commencement was February 2025
Corporate Dollar General Lease: Over 20,000 locations in 48 states and Mexico with 2024 revenues of $40.6 billion and a current market cap in excess of $18 billion
Investment Grade Tenant: Dollar General holds an S&P BBB credit rating
Excellent Highway Frontage: Situated on a corner lot fronting Garland Highway (US Hwy 701), Garland’s busiest highway, and Wright Bridge Rd, this property’s excellent highway frontage ensures its continued strong traffic exposure.
Zero Landlord Responsibilities: Absolute NNN lease with ZERO landlord responsibilities
Brand New Construction: 2025 build-to-suit for Dollar General; Rent commencement was February 2025
Corporate Dollar General Lease: Over 20,000 locations in 48 states and Mexico with 2024 revenues of $40.6 billion and a current market cap in excess of $18 billion
Investment Grade Tenant: Dollar General holds an S&P BBB credit rating
Excellent Highway Frontage: Situated on a corner lot fronting Garland Highway (US Hwy 701), Garland’s busiest highway, and Wright Bridge Rd, this property’s excellent highway frontage ensures its continued strong traffic exposure.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,640 SF
Year Built
2025
Price
$2,337,000
Price Per SF
$219.64
Cap Rate
6.50%
NOI
$151,884
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.43 AC
Zoning
Conditional Commercial - Conditional Commercial, Sampson County
Parking
36 Spaces (3.38 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Dollar General
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Dollar General | - | - | - | - |
CONTACTS
-
Peter Couchell, CCIM -
Robert Schmidt, CCIM -
Lawrence Myers -
NAI Earle Furman LLC
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Dollar General Market | 12606 Garland Hwy
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