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Dollar General Market 1679 E US 74 Hwy 10,640 SF Retail Building Hamlet, NC 28345 $2,384,000 ($224.06/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
Strategic Location: Ideally situated just under a mile from both Downtown Hamlet and I-74, this location is well suited to maintain strong customer 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
Strategic Location: Ideally situated just under a mile from both Downtown Hamlet and I-74, this location is well suited to maintain strong customer exposure
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,640 SF
Year Built
2025
Price
$2,384,000
Price Per SF
$224.06
Cap Rate
6.50%
NOI
$154,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.78 AC
Opportunity Zone
Yes
Zoning
B-2 (General Business) - B-2 (General Business) City of Hamlet
CONTACTS
-
Peter Couchell, CCIM -
Robert Schmidt, CCIM -
Lawrence Myers -
NAI Earle Furman LLC
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Dollar General Market | 1679 E US 74 Hwy
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