210 NC-740, Albemarle, NC 28001

NEWER CONSTRUCTION: The newer construction Family Dollar has 8+ years remaining on their lease with four (4), 5-year renewal options.

PASSIVE NN+ LEASE STRUCTURE: Family Dollar reimburses 100% of real estate taxes and insurance and coordinates and pays common area maintenance items directly. Family Dollar is responsible for up to $2,000 annually for parking lot repairs and the Landlord reimburses them any overages. The Landlord is responsible for the roof, structure, and parking lot replacement.

SCHEDULED RENT INCREASES: The lease calls for $5,250 ($0.50 per square foot) rent increases at the start of each of the four (4), 5-year renewal options providing the investor with an attractive hedge against inflation.

CORPORATE LEASE: The Family Dollar lease is guaranteed by Family Dollar Stores, Inc. On March 25, 2025, Dollar Tree, Inc entered into a definitive agreement to sell the Family Dollar business to Brigade and Macellum for a purchase consideration of $1.0 Billion. The sale was finalized on July 7, 2025. Family Dollar operates approximately 8,200 stores across 46 U.S. states.

STRATEGIC RETAIL LOCATION: Family Dollar enjoys outstanding visibility and frontage at the intersection of NC Route 740 and Woodhaven Drive and is seconds from the NE Connector NC Routes 27 and 73, Highway 24 and US Route 52, the area’s primary commercial and commuter corridors. The Property is positioned 2 miles east of the downtown in Albemarle’s commercial district. The Property is convenient to national and local retailers and restaurants that drive traffic to the area and is convenient to area schools and residential neighborhoods that provide a built-in and captive customer base. The Property is also convenient to Pfeiffer University, Stanly Community College, and Atrium Health Stanly (hospital).

AREA ECONOMIC DRIVERS: Education and healthcare play significant roles in Albemarle’s economic structure. Stanly Community College provides educational and workforce development opportunities, while Pfeiffer University, located nearby in Misenheimer, has built Pfeiffer University Health Sciences Center in downtown Albemarle, which brings students, faculty, and associated spending to the area and adds to the academic environment. Atrium Health Stanly serves the region’s medical needs and is a major local employer.

RETAIL TRADE AREA: Additional retailers driving traffic to the area include Walmart Supercenter, Lowe’s, Food Lion, Ingles Markets, TJ Maxx, PetSmart, Hobby Lobby, Ross, Belk, Big Lots, Harbor Freight, Ollie’s Bargain Outlet, Eastgate Cinemas, Planet Fitness, Walgreens, CVS, Advance Auto Parts, AutoZone, Applebee’s, Chick-fil-A, Starbucks, McDonald’s, Taco Bell, Wendy’s, KFC, Bojangles, Arby’s, Sonic, Zaxby’s, Hardee’s, Biscuitville, Jersey Mike’s, 7-Brew Coffee, Dunkin’, Pizza Hut, Dickey’s BBQ Pit, Papa Johns, Cook Out, Quik Chek, and Speedway.

TRAFFIC COUNTS: On average more than 19,600 vehicles pass by the Property at the intersection of NC Route 740 and Northeast Connector.

DEMOGRAPHICS: Approximately 16,400 people live within 3 miles of the Property with an average household income of $72,385. More than 26,100 people live within 5 miles of the Property with an average household income of $77,011.