Family Dollar | Princeton, NC
Raleigh, NC MSA | New 2023 Construction | 1.65 acres | 8.25% Cap
Marketing description
CBRE is pleased to exclusively present for sale this 10,532 SF Family Dollar located in Princeton, NC. The property is leased to Family Dollar Stores of North Carolina, LLC, with a corporate guaranty from Family Dollar Stores, LLC, providing strong credit backing and reliable long-term income. Constructed in 2023, the building features Family Dollar’s newest store prototype, offering a modern asset with minimal near-term capital requirements.
The lease runs through August 31, 2033, with 7+ years remaining on the initial term and includes six (6) five-year renewal options with $5,250 annual rent increases at each option period, providing predictable cash flow and built-in income growth. Structured as a NN lease, the tenant is responsible for the majority of operating expenses while the landlord maintains roof and structure, delivering a true passive investment opportunity.
The surrounding market exhibits strong fundamentals, with projected population growth of 1.68% annually within 5 miles through 2030 and a growing household base. Average household incomes range from $87,736 to $93,764 within a 7-mile radius, creating a stable consumer base that aligns well with Family Dollar’s value-oriented retail model. These factors combine to support long-term tenant stability and potential property appreciation, making this a compelling investment opportunity.
Investment highlights
NEW 2023 CONSTRUCTION
Constructed in 2023, the 10,532 SF freestanding building sits on 1.65 acres and features Family Dollar’s newest prototype, offering investors a modern asset with minimal near-term capital requirements.
LONG-TERM LEASE WITH REMAINING TERM
The lease runs through August 31, 2033, with 7+ years remaining on the initial 10.15-year term, delivering durable, predictable cash flow.
CORPORATE-BACKED TENANT
The property is leased to Family Dollar Stores of North Carolina, LLC, with a corporate guaranty from Family Dollar Stores, LLC, providing dependable income backed by a national discount retailer operating 8,000+ locations nationwide.
PASSIVE NET LEASE WITH RENEWAL OPTIONS & RENT GROWTH
The NN lease structure provides a low-management, passive investment, with the tenant responsible for the majority of operating expenses while the landlord maintains roof and structure. The lease includes six (6) five-year renewal options with $5,250 annual rent increases at each option period, offering built-in income growth and long-term inflation protection.
HIGH-VISIBILITY, HIGH-TRAFFIC LOCATION
Positioned along Dr. Donnie H. Jones Jr. Blvd with immediate access to US Route 70, the property benefits from strong exposure to 30,680 vehicles per day along Route 70 and 2,293 VPD on the frontage street, driving both regional and local traffic to the site.
GROWING POPULATION & HOUSEHOLD BASE
The surrounding trade area continues to expand, with population projected to grow at up to 1.74% annually within 3 miles and 1.68% within 5 miles through 2030, alongside rising household counts that support sustained retail demand.
STRONG INCOME DEMOGRAPHICS
Average household incomes range from $87,736 to $93,764 within a 7-mile radius, with median household incomes near $78,000. This mix of higher- and moderate-income households creates a stable consumer base that supports both value-oriented retail demand and consistent store performance.
IDEAL MARKET FOR FAMILY DOLLAR
Princeton’s growing residential base, strong traffic counts, and mix of income levels make it an ideal market for Family Dollar, providing steady foot traffic and long-term tenant stability.
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