Dollar General

• List price of $1,533,013 yielding an attractive 7.50% cap rate.

Upgraded Brick Construction – Extremely rare upgraded brick wrap-around construction providing consumers with a more welcoming shopping experience. This 9,100 SF store sits on a ±1.22 acre parcel with a concrete parking lot including 28 parking spaces.

Relocation Store – Prior to moving to this location, the tenant occupied a smaller space in the shopping center across the street. This illustrates the tenants long-term commitment and success in the Burnsville market. 

Strong foot traffic data – this site ranks in the top 70th percentile of all Dollar General properties nationally, within the state, and within the local market (source: Alphamaps).

Lease Type – Absolute NNN lease with no landlord responsibilities creating investors with a truly passive stream of income. 

Term Remaining – There are ±3.8 years remaining on the lease with five, 5-Year options to renew and 10% increases at each option period. 

Strong corporate guaranty from Dollar General Corporation – Fortune 500 tenant, boasting a BBB credit rating (S&P) and a $28 billion market cap.  

Location – The site fronts W US Hwy 19E, a 5-lane highway carrying approximately 20,000 vehicles per day. US 19E is the primary east–west corridor through Yancey County, connecting Burnsville to Spruce Pine and to I-26 toward Asheville. Located in Burnsville main retail corridor, alongside national tenants including McDonald’s, Hardee’s, Burger King, Wells Fargo and more, which drive steady traffic to the site.

Population – Over ±8,500 residents within a 5-mile radius, with an average household income exceeding $73,000. That squarely fits Dollar General’s target demographic and its value-focused retail model. 

Burnsville is the county seat of Yancey County and acts as the commercial hub for the surrounding rural communities.

The area is a year-round tourism draw. It sits near Mount Mitchell State Park, home to the highest peak east of the Mississippi, and the Blue Ridge Parkway, which brings seasonal visitors on top of the local customer base.