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Family Dollar 210 Highway 740 Byp E 10,532 SF Retail Building Albemarle, NC 28001 $2,722,323 CAD ($258.48 CAD/SF) 7.50% Cap Rate

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INVESTMENT HIGHLIGHTS

Newer Construction
Scheduled Rent Increases
Strategic Retail Location

Passive NN+ Lease Structure
Corporate Lease
Area Economic Driver

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction freestanding Family Dollar investment property located at 210 NC Route 740 in Albemarle, North Carolina (the “Property”). Family Dollar has 8+ years remaining on their lease with four (4), 5-year renewal options. The lease features attractive rent increases at the start of each renewal option. The Property enjoys excellent frontage and visibility at the intersection of Woodhaven Drive and NC Route 740, the area’s primary commercial corridor and is convenient to the Northeast Connector, Highway 24, NC Routes 27 & 73, and US Route 52, the area’s primary commuter corridors. Family Dollar is positioned just east of Downtown Albemarle and enjoys convenient access to the area schools, national retailers and restaurants and several industrial complexes that drive traffic to the area. Additionally, the Property is close to Albemarle’s residential neighborhoods, Pfeiffer University, Stanly Community College, and Atrium Health Stanly (hospital). Albemarle is situated in central North Carolina approximately 45 miles east of Charlotte.