Listed by Matthews
$1,074,672
108 E Main St
Details
Property Type Retail
Sub Type Convenience Store, QSR/Fast Food
Square Footage 10,098
Cap Rate 8.25%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type NN+
Lease Term 10
Lease Expiration 01/30/2031
Remaining Term 5
Rent Bumps Yes
Lease Options Five, 5-Year Options
Buildings 1
Stories 1
Acreage 1.660
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 12/16/2020
Ownership Fee Simple
5-Mile Population of 22,000 Residents | Corporate Guaranty
Marketing description
Dollar Tree, Inc. (NASDAQ: DLTR), headquartered in Chesapeake, Virginia, is one of North America's most prominent value retailers-renowned for its compelling "thrill-of-the-hunt" shopping experience and everyday low pricing. A member of the S&P 500, Dollar Tree delivers consistent accessibility and convenience to a broad demographic base, especially in suburban markets. Founded in 1986 (originating from the "Only $1.00" concept), the company has solidified its brand strength through disciplined expansion, strategic acquisitions, and a reputation for operational reliability.
Investment highlights
- Location Highlights
- 2020 retrofit for Dollar Tree
- +5 Years remaining on an initial 10-Year lease
- Corporately guaranteed lease
- 5-Mile population of 54,443 residents
- +17,000 vehicles per day along York Road
- Average household income of $80,783
- Five, 5-Year renewal options all of which include a rent increase of $5,000 ($.50/SF)
- Located in downtown Thomasville, NC, within Davidson County and the greater Piedmont Triad region, providing access to the Greensboro-High Point-Winston-Salem metropolitan area and a diverse regional economic base.
- Tenant Highlights
- Dollar Tree recently sold off Family Dollar in summer of 2025 to refocus on its core, higher-performing brand.
- Since the sale of Family Dollar, Dollar Tree has seen an increase in their stock price of 25%.
- Investment Grade Credit Tenant - S&P Rated BBB.
Listing Contacts
Listed by Matthews
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