Overview

Description

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Corporate Guaranteed (NYSE: DG | S&P:BBB), freestanding, Dollar General investment property located in Williamston, North Carolina. The tenant, Dolgencorp, LLC recently signed a brand new 15-year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The property is located along East Boulevard, which averages 14,500 vehicles passing by daily and is a major retail thoroughfare serving the city of Williamston. The newly constructed relocation store features state-of-the-art materials, high-level finishes, and distinct Dollar General design elements. The Dollar General is located across East Blvd from Williamston Square, a 38,000 square foot shopping center anchored by Food Lion. Furthermore, the asset is positioned just Southwest of Roanoke Landing, a 214,000 square foot shopping center anchored by Belk and Tractor Supply Co. Additionally, the site is just Northeast of Shoppes at Williamston, a 240,000 square foot shopping center with nearby national/credit tenants including a Walmart Supercenter, Dollar Tree, Taco Bell, and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Family Dollar, Advance Auto Parts, Oâ€Reilly Auto Parts, and more, further increasing consumer traffic to the site. The 10-mile trade area is supported by a population of over 17,000 with an average household income of $67,497.

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