Listed by Matthews
$650,000
921 Hillcrest Pkwy
Details
Property Type Retail
Sub Type Storefront
Square Footage 11,613
Cap Rate 6.85%
NOI $44,652
Tenancy Single
Brand/Tenant Family Dollar
Lease Term 10
Lease Expiration 03/31/2030
Rent Bumps Yes
Lease Options Four, 5-Year Options Remaining
Acreage 1.510
Investment Type Net Lease
Lease Commencement 03/09/2020
Ground Lease No
Ownership Fee Simple
Retail | 6.85% CAP | 11,613 SqFt
Marketing description
Family Dollar is a nationally recognized retailer with over 8,000 locations across 48 states, providing goods at affordable prices to millions of Americans. Family Dollar operates in the discount retail sector, historically performing well during economic downturns due to its focus on essential items.
Positioned on Hillcrest Parkway with immediate access to Interstate 16, providing excellent regional connectivity and traffic exposure.
Situated on a ±1.51 acre lot with an 11,613 SF building, the property offers ample parking, strong site circulation, and long-term flexibility—supporting tenant operations today while enhancing future re-tenanting or redevelopment potential.
Investment highlights
- Family Dollar is a nationally recognized retailer with over 8,000 locations across 48 states, providing goods at affordable prices to millions of Americans. Family Dollar operates in the discount retail sector, historically performing well during economic downturns due to its focus on essential items.
- Offered at an 6.85% cap rate, allowing investors to achieve above-market returns relative to comparable net lease assets.
- Positioned on Hillcrest Parkway with immediate access to Interstate 16, providing excellent regional connectivity and traffic exposure.
- Situated on a ±1.51 acre lot with an 11,613 SF building, the property offers ample parking, strong site circulation, and long-term flexibility—supporting tenant operations today while enhancing future re-tenanting or redevelopment potential.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$44,652.00
$3,721.00/mo
Valuation Metrics
0
DSCR
6.87%
Cap Rate
6.87%
ROI
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