Dollar General

Corporate lease

Highlights

• 9,100 SF Dollar General on a 3.21-acre lot, built in 2016
• NNN lease - tenant covers taxes, insurance, roof, HVAC, parking lot and CAM
• ±5.5 years remaining on the 15-year initial lease term (commenced 2017)
• Five (5) five-year options to renew, with 10% rent increases at each option
• Located on Dillard Road (NC-106) with ±5,225 VPD
• 10-mile population of 21,509 with an $82,746 average HH income
• Serves residents, seasonal homeowners and visitors in Macon County
• About 5 miles from Highlands, NC, with access to Asheville and Atlanta
• Dollar General (NYSE: DG): nearly 21,000 stores, $42.7B FY2025 revenue
• 2016 Build to suit, upgraded construction, all brick façade!

About the property

±9,100 SF single tenant Dollar General on ±3.21 acres at 7307 Dillard Rd, Scaly Mountain, North Carolina, corporately guaranteed by Dollar General Corporation (NYSE: DG), S&P BBB. NNN lease with tenant responsible for taxes, insurance, roof, HVAC, parking lot, and CAM, delivering $119,556 NOI. Approximately 5.5 years remain on the 15-year initial term plus five five-year options at 10% increases, extending income through 2057 at $192,540. Positioned on Dillard Road (NC-106) five miles from Highlands, an established Blue Ridge resort and retirement destination, serving year-round residents, seasonal homeowners, and visitors to Nantahala National Forest. Trade area supports $51.5M in consumer spending within five miles and $284.3M within ten miles, with a median age of 55.1 and population growth of 6.25% projected through 2030. 2016 build-to-suit with upgraded all brick construction on an oversized 3.21 acre site.