Listed by Berkeley Capital Advisors Charlotte
$987,500
Family Dollar
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 8,912
Units 1
Cap Rate 8.00%
NOI $79,000
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NN
Lease Term 20
Lease Expiration 01/31/2031
Remaining Term 5.5
Rent Bumps Yes
Price per SqFt $111
Broker Co-Op Yes
Year Built 2011
Buildings 1
Stories 1
Acreage 1.530
Zoning Commercial
Parking Spaces 38 per unit
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/01/2011
Occupancy Date 02/01/2011
Ground Lease No
Corporate Guarantee | Long Operating History | 86th Percentile In NC Via Placer.ai
Investment highlights
• Corporate guaranteed lease | Family Dollar Stores, Inc. | 7,512 locations across 49 states
• Long operating history | Leased since 2011
• This store ranks in the 86th percentile in NC via Placer.ai
• Large parcel | 1.53 acres
• 6 miles from the 4,000-acre Merchants Millpond State Park in Gates County | 250K visitors annually
• 9 minutes from Gates County High School | 455 students
• Nearby destination retailers | Dollar General, Bojangles, CITGO, NAPA auto parts, Dixie auto parts, and more
Listing Contacts
Listed by Berkeley Capital Advisors Charlotte
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$79,000.00
$6,583.33/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
