Dollar General

1324 Burkemont Avenue, Morganton, NC 28655

$1,171,820

Cap Rate 7.75%

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DOM: 21 Updated: 08.13.25 Posted: 08.13.25 Status: Active 08.13.25

Summary

Price $1,171,820	Built/Renov 2009/2025	Tenant Dollar General
Cap Rate 7.75%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 9,014	Lease Start 03-01-2024	#Units 19,600
Price/SF $130.00	Expiration 02-28-2029	Tenant Type Dollar/Discount
NOI $90,816	R. Term 3.5	Ownership Fee Simple
Rent/SF $10.07	Increases 7.5%/6/yrs	Pop 5Mi 36,383
Lot/AC 0.00	Options 3/5yrs/7.5%	AHHI 5Mi $81,982

Tyson Glasser

Trinity Partners

Contact

Highlights

Dollar General has been at this location since 2009 with 3 remaining five-year renewal options
The lease features 7.5% rent increases at each option period
Double NN Lease | Landlord responsible for roof, structure, parking lot, landscaped areas, and major repairs over $1,000
Corporate guarantee | Investment grade tenant

Location Description

Dollar General is strategically located at the busy intersection of Burkemont Avenue (US 64) and Old Salem Road, with access to combined daily traffic counts of approximately 22,000 vehicles. Positioned along the highest-traffic corridor in the market, the property is surrounded by key community anchors such as Western Piedmont Community College, just 1 mile away, and UNC Health Blue Ridge, 3...

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Key Features

Recent renovation
Hard corner intersection
Major thoroughfare
University college close
Business growth area
New development zone
Brand new lease
Long operation history
Traded and rated company
Over 2000 units backed

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Links

Dollar General Wikipedia Dollar General Wikipedia Morganton, NC Zip Code 28655 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Dollar General
Guarantor:Corp T and Rated
Company:Dollar General Corporation
# Units:19,600
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: DG

About Tenant

Dollar General Corporation (NYSE: DG) is an American chain of variety stores . The stores deliver everyday low prices on items including food, snacks, health, and beauty aids, cleaning...

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Listing Broker

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