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Dollar Tree 1825 E 10th St 11,987 SF Retail Building Roanoke Rapids, NC 27870 $2,628,196 CAD ($219.25 CAD/SF) 7.11% Cap Rate
Investment Highlights
- Double Net Lease: Requires minimal landlord responsibilities (Roof, Structure, & Parking Lot (Replacement Only)
- Strong Placer AI Ranking: 66th Percentile Nationwide (2,877 of 8,498 Locations) & 75th Percentile Statewide (80 of 328 Locations)
- Attractive Rental Increases – Lease includes two (2), 7-year renewal options with 4% rental increases
- Corporate-Guaranteed Lease – 100% leased to Dollar Tree, a publicly traded Fortune 500 company (NASDAQ: DLTR)
- Long-Term Lease in Place – The tenant recently executed a new 7- year lease that commenced January 1, 2024
- Established Retail Location – The 11,200 SF freestanding store sits on 1.56 acres served the market as a former pharmacy before converting
Executive Summary
Double Net Lease: Requires minimal landlord responsibilities (Roof, Structure, & Parking Lot (Replacement Only)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,987 SF
Building Class
B
Year Built
1999
Price
$2,628,196 CAD
Price Per SF
$219.25 CAD
Cap Rate
7.11%
NOI
$186,894 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.56 AC
Opportunity Zone
Yes
Zoning
RRB4
Parking
60 Spaces (5.5 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-04395 | Improvements Assessment | $1,472,346 CAD |
| Land Assessment | $822,111 CAD | Total Assessment | $2,294,457 CAD |
Property Taxes
Parcel Number
09-04395
Land Assessment
$822,111 CAD
Improvements Assessment
$1,472,346 CAD
Total Assessment
$2,294,457 CAD
Contacts
-
Deno Bistolarides -
Michael Gaggo -
Brandon Hanna -
Encore Real Estate Investment Services
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Dollar Tree | 1825 E 10th St
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