DOLLAR GENERAL | $1,612,800 | 6.25% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale Dollar General a single-tenant property located at 4242 NC Highway 24, Newport, NC 28570. Backed by a strong Corporate Guaranty (NYSE: DG) Dollar General operates on an absolute-net lease with 11 years of term remaining. Dollar General serves as the main source of good for the population in the area.
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, packaged food products, perishable, snacks and candies, health and beauty products, pet products, and tobacco products. It also provides seasonal products, prepaid phones and accessories, gardening supplies, hardware products, and automotive and home office supplies as well as home products, and apparel and accessories. As of February 25, 2022, it operated 18,190 stores in 47 states in the United States. The company was formerly known as J.L. Turner & Son, Inc. and changed its name to Dollar General Corporation in 1968. Dollar General Corporation was founded in 1939 and is based in Goodlettsville, Tennessee.