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Family Dollar 1216 Memorial Dr E 8,448 SF Retail Building Ahoskie, NC 27910 $1,904,043 CAD ($225.38 CAD/SF) 8.35% Cap Rate
INVESTMENT HIGHLIGHTS
- 2014 build-to-suit construction for Family Dollar
- Tenant recently extended their lease to a new full 10-year term
- Family Dollar has successfully operated at this location for 10 years, proving its commitment to the location and market
- ±6.75-Years remaining on a 10-Year lease
- Five, 5-Year renewal options remain; all of which include a 5% rent increase
- ±16,000 vehicles daily at the intersection of E Memorial Drive
EXECUTIVE SUMMARY
The 3-Mile population of ±8,787 residents. The 5-Mile population of ±16,892 residents. Dollar Tree acquired Family Dollar in 2015 and they are considered to be the second-largest discount retailer in the United States with more than 16,000 locations. Family Dollar is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same-store sales/profitability. Family Dollar, a major national discount retailer with more than 8,000 stores across 48 states, has been acquired for roughly $1 billion by Brigade Capital Management, Macellum Capital Management, and Arkhouse Management Co. Now operating as an independent company, Family Dollar bene?ts from both fresh capital and signi?cant retail expertise. This backing is expected to accelerate store upgrades and drive operational improvements. With its proven value-focused model and strong presence in local communities, Family Dollar continues to serve as a resilient anchor tenant, positioned for sustained growth in the years ahead.
Broker of Record
Brian Brockman – Broker
License #: 298998
Bang Realty-North Carolina Inc
bor@bangrealty.com
513-898-1551
Broker of Record
Brian Brockman – Broker
License #: 298998
Bang Realty-North Carolina Inc
bor@bangrealty.com
513-898-1551
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,448 SF
Building Class
B
Year Built
2014
Price
$1,904,043 CAD
Price Per SF
$225.38 CAD
Cap Rate
8.35%
NOI
$158,988 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.91 AC
Zoning
B-2
Parking
50 Spaces (5.92 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5992-64-4966 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,596,333 CAD |
PROPERTY TAXES
Parcel Number
5992-64-4966
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,596,333 CAD
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Family Dollar | 1216 Memorial Dr E
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