Listed by The Rich Company
$1,875,000
Currituck NC Dollar Tree Dec 2022 - Dec 2032 initial term
Details
APN 0050000125B0000
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 10,532
Net Rentable (SqFt) 10,532
Units 1
Cap Rate 7.2%
NOI $134,925
Occupancy 100%
Tenancy Vacant
Brand/Tenant Dollar Tree
Lease Type NNN
Lease Term 10
Lease Expiration 11/30/2032
Remaining Term 6.5
Rent Bumps Yes
Lease Options 5 options of 5 years each
Price per SqFt $178
Broker Co-Op Yes
Class A
Year Built 2022
Buildings 1
Stories 1
Acreage 2.000
Zoning General Business
Parking Spaces 37 spaces
Parking Per SqFt 3.51
Investment Type Sale/Leaseback
Tenant Credit Credit Rated
Lease Commencement 12/01/2022
Occupancy Date 12/01/2022
Ownership Cedar Run Capital LLC
Sale Condition Sale for leaseback
Retail | 7.20% CAP | 10,532 SqFt
Marketing description
Recently constructed in 2022, this 10,532 square foot building on 2 acres was the home of a Family Dollar Dollar Tree that has been converted to a Dollar Tree after DT sold FD. Large +/- 8,500 sq ft retail floor, 2 restrooms, office, and warehouse/storage in the rear. LED lighting, 4 Carrier HVAC units with Natural Gas, sprinkler system for landscaping, dumpster corral, pylon sign, 37 parking spaces, LED parking lot lights, metal roof. $134,925 NOI makes this a 7.196% cap rate.
Listing Contacts
Listed by The Rich Company
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$134,925.00
$11,243.75/mo
Valuation Metrics
0
DSCR
7.2%
Cap Rate
7.2%
ROI
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