Listed by Exclusive Realty
$895,000
Family Dollar (Dark)
Details
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 9,180
Cap Rate 10.91%
NOI $97,675
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type NN
Lease Term 10
Lease Expiration 01/31/2031
Remaining Term 4.7
Rent Bumps No
Lease Options N/A
Price per SqFt $97
Broker Co-Op Yes
Class B
Year Built 2021
Stories 1
Acreage 1.710
Parking Spaces 48 spaces
Parking Per SqFt 5.23
Investment Type Net Lease
Lease Commencement 02/01/2021
Ground Lease No
Ownership Fee Simple
Tenant has offered buyout
Marketing description
Investment highlights
High yield investment opportunity
Family Dollar has offered to buy out the lease
2021 Build-to-suit construction
Investment-grade guarantee of the lease. Rated BBB
Close proximity to the Virginia border, Winston-Salem, and Greensboro.
Business friendly environment
Owner-user opportunity as Family Dollar has expressed interest in buying out the lease
Listing Contacts
Listed by Exclusive Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$97,675.00
$8,139.58/mo
Valuation Metrics
0
DSCR
10.91%
Cap Rate
10.91%
ROI
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