Log In/Sign Up
Your email has been sent.
Family Dollar | 7.75% Cap 3196 Old Stage Hwy 9,180 SF Retail Building Riegelwood, NC 28456 $1,643,888 CAD ($179.07 CAD/SF) 7.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Recent Lease Extension
- Over 15 Years of Continuous Operating History at Location
- Corporate Lease
EXECUTIVE SUMMARY
RECENT LEASE EXTENSION - Strong Corporate Lease
• Family dollar is an investment grade company with a S&P credit rating of BBB
• Dollar Tree (parent company of Family Dollar) is a publicly traded company (NASDAQ: DLTR) with a market capitalization of $29.46B
• Family Dollar has over 8,200 locations
Name Brand Tenant
• Over 16,000 Family Dollar and Dollar Tree locations in 48 different states
• Dollar Tree is ranked #134 on Fortune 500
E-commerce + Recession Resistant Tenant
• Family Dollar same store sales increased by 5.8% from Q4-2022
• Classified as a recession proof essential business
• Merchandising Strategy is focused on discount items
Over 15 Years of Continuous Operating History
• Tenant has occupied premises since the store was built in 2007
• Recently exercised a 5 year extension
• Tenant has shown conviction to location with long operating history
Passive Income
• NN Lease provides new owner with minimal Landlord responsibility
• 10% Rental Increases for reach option, provides next owner hedge against inflation
• Family dollar is an investment grade company with a S&P credit rating of BBB
• Dollar Tree (parent company of Family Dollar) is a publicly traded company (NASDAQ: DLTR) with a market capitalization of $29.46B
• Family Dollar has over 8,200 locations
Name Brand Tenant
• Over 16,000 Family Dollar and Dollar Tree locations in 48 different states
• Dollar Tree is ranked #134 on Fortune 500
E-commerce + Recession Resistant Tenant
• Family Dollar same store sales increased by 5.8% from Q4-2022
• Classified as a recession proof essential business
• Merchandising Strategy is focused on discount items
Over 15 Years of Continuous Operating History
• Tenant has occupied premises since the store was built in 2007
• Recently exercised a 5 year extension
• Tenant has shown conviction to location with long operating history
Passive Income
• NN Lease provides new owner with minimal Landlord responsibility
• 10% Rental Increases for reach option, provides next owner hedge against inflation
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,180 SF
Building Class
C
Year Built
2008
Price
$1,643,888 CAD
Price Per SF
$179.07 CAD
Cap Rate
7.75%
NOI
$127,356 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.35 AC
Zoning
RA-CD
Parking
40 Spaces (4.36 Spaces per 1,000 SF Leased)
Frontage
93’ on Old Stage Hwy
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0092307 | Improvements Assessment | $584,468 CAD |
| Land Assessment | $16,021 CAD | Total Assessment | $600,489 CAD |
PROPERTY TAXES
Parcel Number
0092307
Land Assessment
$16,021 CAD
Improvements Assessment
$584,468 CAD
Total Assessment
$600,489 CAD
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Family Dollar | 7.75% Cap | 3196 Old Stage Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.