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2570 NC 8 & 89 Hwy S 10,500 SF Retail Building Walnut Cove, NC 27052 $2,011,630 CAD ($191.58 CAD/SF) 8.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Family Dollar Tree Combo stores have proven 20% higher sales volume than non co-branded stores
- Dollar Tree boasts an investment-grade credit rating of BBB-
- Dollar Tree acquired Family Dollar in 2015 and is now considered to be the second-largest discount retailer in the United States with more than 16,000
- Dollar Tree has thrived through the COVID pandemic and witnessed a sharp increase in same-store sales and profitability
EXECUTIVE SUMMARY
• 2022 Built-to-suit construction for Family Dollar Tree • 10-Year NN+ lease w/ limited landlord responsibilities • Five, 5-Year Options with rent increases of $5,250 ($.50 PSF) • Extremely strong corporately guaranteed lease • Located ±25 miles north of Winston-Salem, NC.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
B
Year Built
2022
Price
$2,011,630 CAD
Price Per SF
$191.58 CAD
Cap Rate
8.35%
NOI
$167,971 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.72 AC
Zoning
H-B - Highway business
Parking
52 Spaces (4.95 Spaces per 1,000 SF Leased)
Frontage
145’ on North Carolina 8
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 695501157329 | Improvements Assessment | $1,295,390 CAD |
| Land Assessment | $105,001 CAD | Total Assessment | $1,400,391 CAD |
PROPERTY TAXES
Parcel Number
695501157329
Land Assessment
$105,001 CAD
Improvements Assessment
$1,295,390 CAD
Total Assessment
$1,400,391 CAD
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2570 NC 8 & 89 Hwy S
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