This Dollar General investment offers a recently extended term on a well-performing store that serves as a significant retailer in the community of Fair Bluff. The 8,000 SF building on 1.02 acres is concrete block construction with an original 10 year lease beginning 2001. Dollar General extended the lease seven years and subsequently renewed early for 5 years through January 31, 2023. In addition to rent, Dollar General pays $8,000 per year toward the costs of taxes, insurance and maintenance. One five year renewal option with a 7.7% increase remains.

Location Description:

Fair Bluff is located in Columbus County, 30 minutes south of I-95 in southeastern North Carolina, close to the South Carolina state line. The property is located on Main Street, also known as Andrew Jackson Hwy SW.

Nearby retailers include Napa Auto Parts and Piggly Wiggly grocery.

Highlights:

>> Significant retailer in community

>> Original 10 year term was renewed 7 years

>> Recent early lease extension for 5 years to 1/31/2023

>> One five year option with 7.7% increase remains

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Sales Info:

>> Commision split: 4.0%