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32722316
32722314

108 South Patterson Street, Maxton, NC 28364 For Sale

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$990,000
63 days on market
Updated 7 days ago

Family Dollar

Details
APN 330602033
Property Type Retail
Sub Type Storefront
Square Footage 9,120
Units 1
Cap Rate 10.00%
NOI $99,000
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NN+
Lease Term 5
Lease Expiration 03/31/2029
Remaining Term 3
Rent Bumps Yes
Lease Options Four, 5-Year
Price per SqFt $109
Broker Co-Op True
Year Built 2013
Stories 1
Acreage 0.880
Zoning Commercial
Parking Spaces 34 spaces
Parking per 1,000 SqFt 3.73
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/01/2024
Ground Lease No

Corporate Lease | Long Operating History | Strong Commitment To Area

Investment highlights

• Strong commitment to area | Family Dollar exercised the 1st of 5 options in the summer of 2023

• Corporate lease | Family Dollar Stores of NC, Inc. | 444 locations across North Carolina

• Adjacent to Piggly Wiggly | 23,580K SF of retail space

• Long operating history | Leased since 2014

• Large industrial presence nearby bringing in a large amount of daytime workers to the area | 1.8M SF of space within a 3-mile radius

• Less than a mile from I-74 Exit 191 | 19,000 VPD

• Less than 15 minutes from Scotland Memorial Hospital | 104 beds

• 15 Minutes from UNC Pembroke & St. Andrews University | 7,058 students combined

• 10 minutes from Purnell Swett High School | 1,607 students

• Less than 0.5 miles away from Townsend Elementary School | 402 students

• 5 minutes from Pilkington North America | Global glass manufacturer | 975,000 SF of space

Listing Contacts

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$99,000.00
$8,250.00/mo

Valuation Metrics

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DSCR
10%
Cap Rate
10%
ROI

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