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Investment Highlights

  • 2022 build to suit Family Dollar
  • Corporately guaranteed lease
  • 10-mile population of ±45,078 residents
  • ±7 years remaining on an initial 10-year lease
  • Rent increases of $5,250 ($0.50 / SF) in all five, 5-year options

Executive Summary

Broker of Record
Gerard Hamas
Broker Lic. No.: 362768 (NC)
Firm Lic. No.: C42113 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
10,260 SF
Building Class
B
Year Built
2020
Price
$2,022,940 CAD
Price Per SF
$197.17 CAD
Cap Rate
9%
NOI
$182,065 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
2.09 AC
Zoning
N-B
Somewhat walkable
30/100
Exceptionally drivable
90/100
Not bikeable
10/100

Nearby Major Retailers

Food Lion
First Bank NC

Property Taxes

Property Taxes

Parcel Number
6622-01-29-0567
Land Assessment
$699,481 CAD
Improvements Assessment
$1,221,887 CAD
Total Assessment
$1,921,369 CAD
  • Listing ID: 34414479

  • Date on Market: 2025-01-08

  • Last Updated:

  • Address: 108 Culp Rd, Richfield, NC 28137

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