Dollar General

• List price of $1,533,013 yielding an attractive 7.50% cap rate.
• 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.
• Upgraded Construction Building – ±8,960 square foot built to suit upgraded design building constructed in 2015 for Dollar General. The building sits on a ±1.22 acre parcel including a concrete parking lot with 28 parking spaces.
• 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.