Listed by Berkeley Capital Advisors Charlotte
$1,289,000
Family Dollar
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 8,320
Cap Rate 8.00%
NOI $103,120
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NN
Lease Term 10
Lease Expiration 03/31/2030
Remaining Term 4
Rent Bumps Yes
Lease Options Five, 5-Year Options Remaining
Price per SqFt $155
Broker Co-Op True
Year Built 2015
Acreage 0.970
Zoning Commerical
Parking Spaces 26 spaces
Parking Per SqFt 3.12
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/01/2015
Ground Lease No
Corporate Lease | Strong Store Sales | Limited Competition
Investment highlights
• Corporate lease | Family Dollar | 8,000 locations nationwide
• Annual store sales have increased by an average of 15% over the last 4 years
• Signalized corner intersection | N Main St & W Tatum Ave
• Located off NC Hwy 15 | Significant route connecting several cities in the Carolinas
• Limited competition | No Family Dollar stores within a 7-mile radius
• 10 minutes from Laurinburg retail corridor | 2.2M SF within a 2-mile radius
• Strong operating history | Leased since 2015
• Less than 15 minutes from Scotland Memorial Hospital | 104 beds
• 15 minutes from Scotland Early College High School | 220 students
Listing Contacts
Listed by Berkeley Capital Advisors Charlotte
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$103,120.00
$8,593.33/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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