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Calabash, NC Dollar General

$1,747,000
89 Hickman Rd NW
Lease Type Absolute NNN
Cap Rate 6.75%
Property Type Freestanding Building
Building Size 9,100 SF
Land Area 4.06 Acres
Status Closed
Property Highlights
  • Dollar General Located in the Fastest Growing County in North Carolina
    • Brunswick County’s population increased by 8,250 from 2021 to 2022, according to Census Bureau estimates. That’s a growth rate of 5.7%, the highest in North Carolina.
  • High Growth Myrtle Beach Market
    • Top Tourist Destination in the Country – The Grand Strand, which includes Myrtle Beach, hosts approximately 19 million tourists annually
    • Myrtle Beach ranked third on most popular tourist destinations for Americans by Trip Advisor in 2021
    • Home to 25 international companies, in the top 10 for Foreign Direct Investment
  • Across from Brunswick Plantation
    • Brunswick Plantation is a Top 50 Ranked 27-hole championship golf course community with gated access and 24-hour security
    • Homes are selling in the range of $318,600 and $366,000
    • Established community center, two pools, fitness center, restaurants on-site, tennis and pickle ball courts and is located minutes from Sunset Beach
    • Private, active adult community began in 1994 with plans for 814 homes
  • Incredibly Strong Corporate Guaranty
    • Dollar General was ranked #91 on the Fortune 500 2021 list, a jump from their ranking of 112 in 2020
    • Over 19,000 locations in 47 states
    • Included on Fortune’s 2020 Most Admired Companies
  • E-commerce + Recession Resistant Tenant
    • Dollar General fiscal year net sales increased 10.6% and fiscal year same-store sales increased 4.3% from 2021 to 2022
    • Classified as an essential business
  • Brand Recognition
    • 75% of Americans live within 5 minutes of a Dollar General
    • Dollar General is the nation’s top dollar store
  • Growing and Proactive brand
    • Dollar General’s 2023 plans include incremental investment of approximately $100 million in existing stores
    • Planned expansion of healthcare offerings to help establish itself as a health destination
    • Executed nearly 3,000 real estate projects in fiscal year 2022
  • Passive Income
    • Absolute NNN Lease | No Landlord responsibilities | Newer construction
  • Ideal Demographics for Dollar Store
    • $86,9111 Average Household Income within a 1-Mile Radius | $80,163 Average Household Income within a 3-Mile Radius