Listed by Trinity Real Estate Investment Services
$636,740
Family Dollar - Recent Lease Extension
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 8,000
Units 1
Cap Rate 9.35%
NOI $59,535
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type NN
Lease Term 25.8
Lease Expiration 12/31/2030
Remaining Term 4.6
Lease Options Three (3), 5-Year; 10%/5%
Price per SqFt $80
Year Built 2005
Buildings 1
Acreage 1.120
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 03/04/2005
Ownership Fee Simple
Retail | 9.35% CAP | 8,000 SF
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Family Dollar in Jackson, NC. The subject property is an NN lease with minimal landlord responsibilities (roof and structure only). It is situated on Jackson’s main thoroughfare W Jefferson St.
Property Website: https://trinityreis.com/listing/306-w-jefferson-st/
In Cooperation With Brian Brockman at Bang Realty-North Carolina Inc | NC#298998 | [email protected] | (513) 898-1551
Investment highlights
- Long-Term Tenant Since 2005 With a Recently Exercised Lease Extension, Demonstrating a Strong Ongoing Commitment to the Location
- North Carolina Family Dollar With Over 5+ Years Remaining on Current Term
- NN Lease With Minimal Landlord Responsibilities, Only for Roof and Structure
- Limited Competition - Closest Dollar Store is Over 7 Miles Away
- Situated on Jackson’s Main Thoroughfare, W Jefferson St, With Daily Traffic Counts of 5,800 Vehicles
- Jackson North Carolina is the County Seat of Northampton, NC
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$59,535.00
$4,961.25/mo
Valuation Metrics
0
DSCR
9.35%
Cap Rate
9.35%
ROI
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