Dollar General | Western NC

1324 Burkemont Avenue, Morganton, NC 28655

  • For Sale $1,171,820
  • Property Type Retail - Freestanding
  • Property Size 9,014 SF
  • Lot Size 1.33 Acre
  • Date Updated Apr 3, 2025
The Property is well positioned in the market at the busy intersection of Burkemont Ave (US 64) and Old Salem Rd a half mile off I-40 and 3 miles from downtown Morganton. Burkemont Ave experiences the highest traffic counts in the market with 25,000+ cars per day just north of the Property. Morganton is the county seat of Burke County.Trinity Partners is proud to serve as exclusive advisor to ownership and present this net lease retail investment opportunity in Morganton, North Carolina leased to Dollar General, America’s #1 dollar store with over 20,500 locations in 48 states. (“Property”) The Property was developed in 2009 on 1.3+ acres with a 9,000+ square foot building, 40 parking spaces, and large pylon signage. The original 10-year corporate lease commenced in February 2009 and included five 5-year renewal options with Dollar General currently in the second option period. There are 7.5% rent bumps in each option.
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Highlights

  • Store is currently undergoing a significant remodel solidifying Dollar General’s long-term commitment to the location
  • High performing store ranked in the top 25% statewide and top 30% nationwide for the entire chain of 20,000+ locations (placer.ai)
  • Corporate lease and parent company guaranty (NYSE: DG) with investment grade credit ratings (S&P: BBB; Moody’s: Baa2)
  • 2 renewal options already exercised with 3 more built into the original 10-year lease that includes 7.5% rent bumps each option
  • Strong retail market with 3.7 million SF of space that is 96.3% leased and experienced a 3.4% increase in asking rents YoY (costar)
  • Quick access to I-40 conveniently connecting the store to Asheville (54 miles west) and Winston-Salem (90 miles east)
  • Heavy traffic counts on Burkemont Ave near the store of 22,000 cars/day and on I-40 of 44,000 cars/day
  • Western Piedmont Community College (1800 students) is a mile from the store and UNC Health Blue Ridge (184 beds) is 3 miles away
  • Over 36,300 residents within a 5-mile radius of the store with an average HH income of $82,000 and median HH income of $60,000

Contacts

broker
Tyson Glasser

Trinity Partners - Columbia

Location

Getting Around

  • Walk Score ®

    31/100 Car-Dependent

  • Bike Score ®

    22/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Morganton, NC
  • Neighborhood Salem
  • Zip Code 28655

Points of Interest

  • Marathon

    0.15 miles

  • Raceway

    0.43 miles

  • Citgo

    0.66 miles

  • Exxon

    0.67 miles

  • Murphy USA

    1.12 miles

  • Speedway

    1.69 miles

  • Ingles

    1.95 miles

  • Carbon City Quality Plus

    2.00 miles

  • Motor Pool

    1.10 miles

  • Horse Trailer Parking

    9.58 miles

  • Dunkin'

    0.24 miles

  • Subway

    0.27 miles

  • Taco Bell

    0.29 miles

  • Zeko's Village

    0.31 miles

  • Tokyo Diner Japanese Restaurant

    0.32 miles

  • Pho Lao

    0.32 miles

  • Butch's Barbeque & Breakfast

    0.34 miles

  • Domino's

    0.38 miles

  • Denny's

    0.47 miles

  • Bojangles'

    0.47 miles

  • Big Lots

    0.28 miles

  • Food Lion

    0.33 miles

  • TJ Maxx

    0.87 miles

  • Ross

    0.88 miles

  • Old Salem General Store & Arcade

    0.90 miles

  • Belk

    0.99 miles

  • Walmart Supercenter

    1.05 miles

  • ALDI

    1.53 miles

  • Laos Lanxang Asian Grocery Store

    1.79 miles

  • Ingles

    1.95 miles

Frequently Asked Questions

How much does Dollar General | Western NC cost?

The space currently listed for sale at Dollar General | Western NC asks for $1,171,820.

What is the total square footage of Dollar General | Western NC?

Dollar General | Western NC totals 9,014 square feet.

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Contact Listing Broker
broker
Tyson Glasser

Trinity Partners - Columbia

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