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1112 Park Springs Rd
Providence, NC 27315

$1,480,286 USD

General Retail For Sale  •  11,601 SF

Property Details

• Property Type General Retail
• Total Building Size 9,100 SF
• Lot Size 1.6 AC
• Building Class B
• Year Built 2020
• Cap Rate 7.00 %
• Tenancy Single
• Zoning C

10 Walk Score

Highlights

Absolute NNN Lease offering hands-off investment with tenant responsible for all expenses

Corporate Guarantee by Dollar General Corporation, Fortune 100 company with BBB credit rating

Strategic location along NC Highway 86, 5 miles south of Danville, VA

Recession-resistant tenant classified as essential retailer during COVID-19 pandemic

Only major discount retailer in immediate Providence area serving surrounding community

±8.7 years remaining on lease with five 5-year renewal options at 10% increases

Cap Rate:

7.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Dollar General		2/10/2035

Public Transportation

Commuter Rail	Drive	Walk	Distance
Danville Amtrak Station (Crescent - Amtrak)	12 min	-	7.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes