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Family Dollar 224 E Kornegay St 8,320 SF Retail Building Dover, NC 28526 $1,326,124 CAD ($159.39 CAD/SF) 9% Cap Rate

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EXECUTIVE SUMMARY

Prime Retail Investment
– Long-Term NN Lease with Family Dollar
This retail property is securely leased to Family Dollar. The lease extends through May 31, 2029, with six additional five-year extension options, ensuring long- term stability.
As a double-net (NN) leased property, this investment offers minimal landlord responsibilities, making it a hassle-free opportunity for investors seeking passive income.
Closest competitor located approximately 10.5 miles West.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,320 SF
Building Class
B
Year Built
2018
Price
$1,326,124 CAD
Price Per SF
$159.39 CAD
Cap Rate
9%
NOI
$119,351 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.58 AC
Zoning
Commercial - Commercial- Retail Shops
Parking
30 Spaces (3.6 Spaces per 1,000 SF Leased)

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Family Dollar is a neighborhood-focused retailer committed to providing everyday essentials at affordable prices. With merchandise typically ranging from $1 to $10, Family Dollar offers a wide selection of competitively priced national brands alongside value-driven private labels. Customers can find food and beverages, paper goods, health and beauty products, pet supplies, home décor, apparel, seasonal items, and personal electronics—all in one convenient location. Family Dollar stores are strategically located in communities across the country, including underserved areas often lacking access to affordable retail options. By placing stores in these neighborhoods, Family Dollar helps improve the availability of essential goods while saving customers time and money. The company’s mission is rooted in delivering value, convenience, and reliability to families seeking quality products on a budget.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer - $9.99 Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3-D-06-048
Land Assessment
$46,534 CAD
Improvements Assessment
$952,811 CAD
Total Assessment
$999,345 CAD
  • Listing ID: 36700256

  • Date on Market: 2025-07-11

  • Last Updated:

  • Address: 224 E Kornegay St, Dover, NC 28526

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