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33954997
33954988

467 North Carolina 58, Trenton, NC 28585 For Sale

ED
NY 10410386411
Matthews
Listed by Matthews
$835,622
19 days on market
Updated 4 days ago

Family Dollar - Trenton, NC

Details
APN 4488-93-0365-00
Property Type Retail
Sub Type Convenience Store, QSR/Fast Food (+1)
Square Footage 8,000
Cap Rate 9.25%
NOI $77,295
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Walgreens (+10)
Lease Type NN+
Lease Term 24
Lease Expiration 12/31/2031
Remaining Term 5.5
Rent Bumps Yes
Lease Options Four, 5-Year
Price per SqFt $104
Broker Co-Op True
Year Built 2008
Buildings 1
Stories 1
Acreage 0.860
Zoning Misc. Commercial
Parking Spaces 29 spaces
Parking per 1,000 SqFt 3.62
Investment Type Value Add
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 01/01/2008
Occupancy Date 01/01/2031
Ground Lease No
Ownership Fee Simple

9.25% CAP | ± 6 Years | 15 Year Operating History

Investment highlights

● Offered at $835,622, reflecting a 9.25% capitalization rate

● ±5.50 Years of Term Remaining on the current lease, with four (4) additional five-year renewal options and scheduled rent increases throughout the option periods.

● Attractive Rental Escalations: A 15.25% rent increase at the first option period, followed by 10% increases at each subsequent renewal, enhancing long-term yield.

● Established Tenancy Since 2008: Family Dollar has operated at this location for over 15 years and has exercised two lease extensions, underscoring the site’s performance and tenant’s commitment. ● Corporate Guarantee: Lease is backed by Family Dollar, a subsidiary of Dollar Tree, Inc. (NASDAQ: DLTR), providing credit-backed income security.

● ±8,000 SF Freestanding Building on a ±0.86-acre parcel featuring a concrete lot and approximately 29 surface parking spaces, ensuring strong customer accessibility.

● NN+ Lease Structure: Landlord responsibilities are limited to roof, structure, and repair/replacement of the parking lot, offering passive investment characteristics

● Strategic Eastern North Carolina Location: Positioned approximately ±30 miles from Greenville, ±35 miles from Goldsboro, and ±20 miles from Jacksonville, with access to multiple regional economic hubs.

● Regional Retail: Located along NC-58, a primary north–south arterial, the site benefits from consistent daily traffic connecting neighboring rural communities to major retail centers.

● Essential Retailer with a Captive Trade Area: Serves as a vital retail destination for surrounding rural populations who depend on Trenton for daily goods and services.

Listing Contacts

ED
NY 10410386411
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$77,295.00
$6,441.25/mo

Valuation Metrics

0
DSCR
9.25%
Cap Rate
9.25%
ROI

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Additional Information

Name
Gerard Hamas
License
362768, C42113 (NC)
Brokerage
Matthews of North Carolina, LLC
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
307 W. Tremont Ave., Ste 200, Charlotte, NC 28203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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