Listed by Trinity Real Estate Investment Services
$1,109,505
Family Dollar
Details
APN 3721-44-8511.000
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 8,320
Units 1
Cap Rate 9.5%
NOI $105,403
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type NN
Lease Term 16
Lease Expiration 03/31/2028
Remaining Term 1.7
Rent Bumps Yes
Lease Options Four (4), 5-Year; 10%
Price per SqFt $133
Year Built 2012
Stories 1
Acreage 2.090
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/04/2012
Ground Lease No
Retail | 9.5% CAP | 8,320 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Family Dollar in Wilson, NC. This property features an NN lease with 10% rent increases in the option periods, excellent visibility near a signalized intersection with 26,000 vehicles passing daily, and a corporate guarantee from Family Dollar Stores, LLC.
Property Website: https://trinityreis.com/listing/6501-ward-blvd/
In cooperation with Brian Brockman at Bang Realty-North Carolina Inc | NC #298998 | [email protected] | (513) 898-1551
Investment highlights
- NN Lease North Carolina Family Dollar
- With 10% Rent Increases in the Option Periods
- Great Visibility Near a Signalized Intersection With Combined Traffic Counts of 26,000 Vehicles Passing Daily
- Strong 5-Mile Demographics With 47,000+ Residents
- Located in a Dense Retail Corridor With Multiple National Credit Tenants Within 2 Miles
- Close Proximity to Downtown Wilson, Barton College, and Wilson Community College
- Corporately Guaranteed by Family Dollar Stores, LLC (Privately Held)
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$105,403.00
$8,783.58/mo
Valuation Metrics
0
DSCR
9.5%
Cap Rate
9.5%
ROI
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