Listed by SRS Real Estate Partners Newport Beach
$1,473,000
Family Dollar
Details
APN 3901603
Property Type Retail
Sub Type Grocery Store, Storefront
Square Footage 8,537
Cap Rate 8.25%
NOI $121,503
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NN
Lease Expiration 06/30/2030
Remaining Term 4.1
Rent Bumps Yes
Lease Options 2 (5-year)
Year Built 2000
Acreage 0.950
Zoning CG
Parking Spaces 36 spaces
Parking Per SqFt 4.22
Tenant Credit Corporate Guarantee
Ownership Fee simple interest (land & building ownership)
Retail | 8.25% CAP | 8,537 SqFt
Investment highlights
- Recent 5-Year Extension | Options To Extend | Scheduled Rental Increases
- NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Interstate 85 (169,000 VPD) | Charlotte MSA | Retail Corridor |Strong National/Credit Tenant Presence
- Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$121,503.00
$10,125.25/mo
Valuation Metrics
0
DSCR
8.25%
Cap Rate
8.25%
ROI
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