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Dollar General

$1,121,835

5086 Richlands Hwy, Jacksonville, NC 28540

Active
Last Updated: 05/14/2025

7.5

Cap Rate

84,137.64

NOI

Details:
Cap Rate:    7.5%
NOI:    $84,137.64
Building Size:    9,026 sqft
Lot Area:    2.48 acres
Occupancy:    100%
Class:    C
Year Built:    2015
Floors:    1
Highlights:
  • Free-Standing Dollar General - 9,026 SF building situated on a large 2.48-acre parcel, offering ample parking and access. Constructed in 2015 as a build-to-suit for Dollar General.
  • Long-Term Absolute NNN Lease - Original 15-year Absolute NNN lease with four (4), five-year renewal options. Tenant is responsible for all property expenses, including real estate taxes, insurance, and CAM — a true passive, “mailbox money” investment.
  • Strong Corporate Guaranty - Lease guaranteed by Dollar General Corporation (NYSE: DG), an S&P-rated BBB (investment-grade) credit tenant, providing long term income stability.
  • Established National Brand - Dollar General, founded in 1939 and headquartered in Goodlettsville, TN, operates over 21,000 locations nationwide and maintains a market capitalization of approximately $30 billion.
  • Strategic Jacksonville, NC Location Located in a high-growth corridor of Jacksonville — a military-driven economy anchored by Camp Lejeune, one of the largest U.S. Marine Corps bases. The area features strong demographics and a business-friendly environment.
  • Founded in 1939 and Headquartered in Goodlettsville TN, Dollar General has 21,000 Locations Nationwide and a Market Cap of $30 Billion.
  • Enhanced Store Format This location includes a small produce section and sells beer and wine, positioning it as a convenient, one-stop neighborhood grocery solution for the local community.
Description:

Introducing a prime investment opportunity in Jacksonville, NC! This exceptional 9,026 SF free-standing building, constructed in 2015, boasts a prime location in a high-traffic area. Currently at full capacity with 100% occupancy, this property presents a compelling investment proposition for retail investors. With a modern build and optimal functionality, prospective investors will appreciate the property's potential for long-term tenant retention and consistent returns. Take advantage of this turnkey investment in the thriving Jacksonville area to secure a lucrative addition to your portfolio.

Nestled in the heart of Jacksonville, North Carolina, the area surrounding the property offers a strategic and dynamic setting ideal for office and commercial use. Jacksonville is the commercial hub of Onslow County and home to a strong and steadily growing economy, largely fueled by its proximity to Camp Lejeune, one of the largest Marine Corps bases in the United States. The presence of military personnel, defense contractors, and a robust support network of local businesses contribute to a vibrant, business-friendly environment.

Just minutes from the property, professionals can enjoy convenient access to key institutions such as Onslow Memorial Hospital and Coastal Carolina Community College, as well as shopping and dining at Jacksonville Mall. Major roadways, including U.S. Highway 17 and NC Highway 24, ensure smooth connectivity throughout the region, making commuting and client visits efficient.

Nearby recreational amenities like the New River and Hammocks Beach State Park provide opportunities for team outings or unwinding after the workday. With a growing population, continuous infrastructure development, and a focus on community and commerce, the Jacksonville area offers the right mix of accessibility, visibility, and local amenities to support long-term business success.

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