Family Dollar | Princeton, NC 505 Dr Donnie H Jones Jr W Blvd 10,532 SF Retail Building Princeton, NC 27569 $2,143,753 CAD ($203.55 CAD/SF) 7.75% Cap Rate

CBRE is pleased to exclusively present for sale this 10,532 SF Family Dollar located in Princeton, NC. The property is leased to Family Dollar Stores of North Carolina, LLC, with a corporate guaranty from Family Dollar Stores, LLC, providing strong credit backing and reliable long-term income. Constructed in 2023, the building features Family Dollar’s newest store prototype, offering a modern asset with minimal near-term capital requirements.
The lease runs through August 31, 2033, with 7+ years remaining on the initial term and includes six (6) five-year renewal options with $5,250 annual rent increases at each option period, providing predictable cash flow and built-in income growth. Structured as a NN lease, the tenant is responsible for the majority of operating expenses while the landlord maintains roof and structure, delivering a true passive investment opportunity.
The surrounding market exhibits strong fundamentals, with projected population growth of 1.68% annually within 5 miles through 2030 and a growing household base. Average household incomes range from $87,736 to $93,764 within a 7-mile radius, creating a stable consumer base that aligns well with Family Dollar’s value-oriented retail model. These factors combine to support long-term tenant stability and potential property appreciation, making this a compelling investment opportunity.