Listed by Exclusive Realty
$825,000
(Dark) Family Dollar
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,180
Cap Rate 11.84%
NOI $97,675
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NN
Lease Term 10
Lease Expiration 01/31/2031
Remaining Term 4.6
Price per SqFt $90
Year Built 2020
Year Renovated 2022
Buildings 1
Stories 1
Acreage 1.710
Parking Spaces 48 spaces
Parking Per SqFt 5.23
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/01/2021
2021 Construction | High Yield
Marketing description
Single-tenant retail leased to Family Dollar (Dollar Tree, Inc., S&P BBB) on a corporate
guaranty, priced at $825,000 for an 11.84% going-in return. Rent is secured in full through
January 31, 2031 under the existing NN lease, independent of store operations, with
landlord responsibility limited to roof and structure (2021-new, 10-year warranty). At
roughly $90 per square foot the basis sits well below replacement cost, and Family Dollar
has expressed interest in a lease buyout. The hard-corner site on NC-704 sits minutes from
Carrollwood Farms, the 8,000-acre equestrian and agritourism destination now under
construction by billionaire developer Roy Carroll.
Investment highlights
- 11.84% going-in cap on corporate-guaranteed income (Family Dollar / Dollar Tree,
- S&P BBB)
- Rent secured through 1/31/2031, independent of store operations
- Low basis at roughly $90 per square foot, below replacement cost (2021 build)
- NN lease; landlord responsible for roof and structure only (10-year roof warranty)
- Minutes from Carrollwood Farms, billionaire Roy Carroll's 8,000-acre equestrian and agritourism destination under construction (equestrian center, hotel, and restaurant) that is turning the area into a regional draw
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
11.84%
Cap Rate
11.84%
ROI
Map
Zoning
H-B-CU CommercialSpecial CommercialHighway Business District Conditional Use
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View all 95 uses Last updated Feb 11, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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