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1112 Park Springs Rd, Providence, NC, 27315

Dollar General
$1,480,286

Key Information

Cap Rate
7%
Tot. SF
9,100
Lot Size
1.6 Acres
Year Built
2020
Term Remaining
±8.7 Years
Type
Retail
NOI
$103,620

Highlights

  • Passive Lease Structure – This is an Absolute NNN Lease, offering a hands-off investment opportunity that minimizes landlord responsibilities. The tenant is 100% responsible for all expenses, including taxes, insurance, and maintenance, resulting in a true passive ownership structure. This creates an optimal investment experience for both local and national investors.
  • Corporate Guarantee – The lease is guaranteed by Dollar General Corporation, a Fortune 100 company and the largest dollar store retailer in the nation, with over 20,000 locations across 48 states. Dollar General carries BBB investment-grade long-term credit ratings from S&P’s Global. This strong guarantee provides the landlord with a heightened sense of security.
  • Strategic Location – Situated along NC Highway 86 just 5 miles south of Danville, VA (pop. ~42,000), the property serves as a key connector between Virginia and North Carolina, linking Chapel Hill, Hillsborough, Yanceyville, and Providence. The site sits within 45 miles of Greensboro, Winston-Salem, Burlington, and Durham, experiencing consistent traffic from both the surrounding Caswell County residential base and regional commuters.
  • Recession-Resistant Tenant – Dollar General was classified as an essential retailer during the COVID-19 pandemic, highlighting the defensive, recession-resistant nature of its business model and consistent performance across economic cycles. This site serves as the only major discount retailer in the immediate Providence area and is a vital destination for everyday essentials to the surrounding community.

Photos

Location

Agents

Broker of Record

Gerard Hamas

License # 362768, C42113 (NC)
Matthews of North Carolina, LLC
307 W. Tremont Ave., Ste 200, Charlotte, NC 28203