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Family Dollar | Early Lease Extension 207 E NC 11 8,000 SF Retail Building Oak City, NC 27857 $1,419,930 CAD ($177.49 CAD/SF) 8% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Corporate Lease | Early Lease Extension
  • Well-Established Location Situated at 4-way Signalized Corner
  • 10% Rent Increases at Each Option

EXECUTIVE SUMMARY

Corporate Lease | Early Lease Extension
Tenant-managed double net lease Lease recently extended by Tenant (early extension)
10% Rent Increases at Each Option Period
Rent Increases of 10% at each of the 4, 5-Year Option Periods
Well-Established Location Sitatued at a 4-Way Signalized Corner
Situated at the 4-way signalized corner of NC Hwy 11 & NC Hwy 125
Across from a Speedway fuel station

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
8,000 SF
Building Class
C
Year Built
2011
Price
$1,419,930 CAD
Price Per SF
$177.49 CAD
Cap Rate
8%
NOI
$113,593 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.25 AC
Zoning
R - Commercial
Parking
20 Spaces (2.35 Spaces per 1,000 SF Leased)
Frontage
200’ on E NC 11

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1000781
Land Assessment
$134,454 CAD
Improvements Assessment
$810,761 CAD
Total Assessment
$945,215 CAD
  • Listing ID: 38058862

  • Date on Market: 2025-10-13

  • Last Updated:

  • Address: 207 E NC 11, Oak City, NC 27857

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