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33309315
33309311

114 NC-67 Highway, East Bend, NC 27018

CB
NC 287166
Berkeley Capital Advisors Charlotte
RF
NC 280948
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$1,595,000
2 days on market
Updated 1 day ago

Family Dollar

Details
Property Type Retail
Sub Type Convenience Store
Square Footage 10,500
Cap Rate 7.20%
NOI $114,870
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NN
Lease Term 10
Lease Expiration 12/31/2032
Remaining Term 7
Rent Bumps Yes
Lease Options Four, 5-Year
Price per SqFt $152
Broker Co-Op True
Year Built 2022
Acreage 1.400
Zoning Commercial
Parking Spaces 32 spaces
Parking Per SqFt 3.05
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/08/2022
Ground Lease No

Corporate Guarantee | Large Parcel | Affluent Surrounding Area

Investment highlights

• 2022 construction

• Corporate guaranteed lease | Family Dollar Stores, Inc. | 8,000 locations nationwide

• Large parcel | 1.40 acres

• Affluent surrounding area | $97,866 average household income within a 5-mile radius

• 30 minutes from Novant Health Clemmons Medical Center and Hugh Chatham Hospital | 131 beds combined

• 30 minutes from Winston-Salem State University | 4,776 students

• 10 minutes from Forbush High School | 813 students

• 45 minutes from Piedmont Triad International Airport | 280 flights per day

• Nearby Destination Retailers | Walmart Supercenter, Target, Lowe’s, The Home Depot, Publix, Harris Teeter, The Fresh Market, Lowes, Food Lion, Olive Garden, Chick-fil-A, Wendy’s, Zaxby’s, Burger King, Cook Out, Bojangles, Advance Auto, Auto Zone, O’Reilly Auto Parts, Take 5, Valvoline, and more

• 30 minutes from downtown Winston-Salem

Listing Contacts

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

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$114,870.00
$9,572.50/mo

Valuation Metrics

0
DSCR
7.2%
Cap Rate
7.2%
ROI

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