Beaufort, NC - Dollar General
$2,233,000
Harkers Island Road, Beaufort, NC 28516
6.65
Cap Rate
148,500
NOI
Details:
Description:
• The tenant 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 newly-constructed building will feature a state-of-the-art design with high-quality materials
• As of November 1, 2024, the Company has 20,523 Dollar General, DG Market, DGX and pOpshelf stores across the United States
• The asset is located along Harkers Island Rd which averages 4,000 VPD
• With extremely limited nearby competition, the subject property offers an immediate discount store option for highway travelers and locals alike
• The site benefits from excellent visibility via significant street frontage and a large pylon sign
• The site is in close proximity to both the Outer Banks and Atlantic Beach, which had about $2.15B in tourism spending in 2023
Location
Gallery
