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210 Highway 740 Byp E
Albemarle, NC 28001
Family Dollar - Relocation Store · Retail Property For Sale


Investment Highlights
- Newer Construction
- Scheduled Rent Increase
- Strategic Retail Location
- Passive NN+ Lease Structure
- Corporate Lease
- Area Economic Drivers
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,532 SF
Building Class
B
Year Built
2024
Price
$2,681,861 CAD
Price Per SF
$254.64 CAD
Cap Rate
7.75%
NOI
$207,876 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.36 AC
Zoning
MULTIPLE
Frontage
250’ on Highway 740 Byp
Property Taxes
| Parcel Number | 6558-01-35-2312 | Improvements Assessment | $1,287,363 CAD |
| Land Assessment | $250,534 CAD | Total Assessment | $1,537,897 CAD |
Property Taxes
Parcel Number
6558-01-35-2312
Land Assessment
$250,534 CAD
Improvements Assessment
$1,287,363 CAD
Total Assessment
$1,537,897 CAD
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