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DOLLAR TREE 2173 Old Mountain Rd 10,000 SF 4-Star Retail Building Statesville, NC 28625 $3,426,279 CAD ($342.63 CAD/SF) 7.15% Cap Rate
EXECUTIVE SUMMARY
Brand new 10 year lease with 5 (5 year) renewal options.
Flat rent during initial term and variable rent increases at the beginning of each option period.
Located on corner lot of a Food Lion Grocery Center which has been there for 18 years and recently renovated and continues to exceed their sales projections.
Positioned along the two major corridors for the area.
West Iredell High School with 795 students and West Iredell Middle School with 546 students are located less than 1 mile from the site.
Flat rent during initial term and variable rent increases at the beginning of each option period.
Located on corner lot of a Food Lion Grocery Center which has been there for 18 years and recently renovated and continues to exceed their sales projections.
Positioned along the two major corridors for the area.
West Iredell High School with 795 students and West Iredell Middle School with 546 students are located less than 1 mile from the site.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
10,000 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Construction Status
Under Construction
Price
$3,426,279 CAD
Price Per SF
$342.63 CAD
Cap Rate
7.15%
NOI
$244,979 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.30 AC
Zoning
GB - General Business
PROPERTY TAXES
| Parcel Number | 4704-56-2240.000 | Improvements Assessment | $0 CAD |
| Land Assessment | $311,089 CAD | Total Assessment | $311,089 CAD |
PROPERTY TAXES
Parcel Number
4704-56-2240.000
Land Assessment
$311,089 CAD
Improvements Assessment
$0 CAD
Total Assessment
$311,089 CAD
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DOLLAR TREE | 2173 Old Mountain Rd
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