Listed by Berkeley Capital Advisors Charlotte
$987,500
Family Dollar
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 8,912
Cap Rate 8.00%
NOI $79,000
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NN
Lease Term 15
Lease Expiration 01/31/2031
Remaining Term 5
Rent Bumps Yes
Lease Options Four, 5-Year
Price per SqFt $111
Broker Co-Op True
Year Built 2011
Acreage 1.530
Zoning Commercial
Parking Spaces 38 spaces
Parking Per SqFt 4.26
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/01/2011
Ground Lease No
Corporate Lease | Long Operating History | Large Parcel
Investment highlights
• Corporate guaranteed lease | Family Dollar Stores, Inc. | 8,000 locations nationwide
• Long operating history | Leased since 2011
• This store ranks in the 86th percentile in NC via Placer.ai
• Large parcel | 1.53 acres
• 6 miles from the 4,000-acre Merchants Millpond State Park in Gates County | 250K visitors annually
• 9 minutes from Gates County High School | 455 students
• Nearby destination retailers | Dollar General, Bojangles, CITGO, NAPA auto parts, Dixie auto parts, and more
Listing Contacts
Listed by Berkeley Capital Advisors Charlotte
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$79,000.00
$6,583.33/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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