Cap Rate
7.15%
Year Built
2024
Leasable Area
10,000 SF
Term Remaining
±10.27 Yrs
NOI
$201,900
Property Type
Retail
INVESTMENT HIGHLIGHTS
- 2024 built-to-suit UPGRADED construction for Dollar Tree
- 10-year NN+ lease with limited landlord responsibilities
- 5 mile population of 40,256 Residents
- 10 mile population of 161,307 Residents
- Subject property is less than 14 miles from Winston-Salem
- Nearby national tenants include Wendy’s, McDonalds, Subway, Dominos, Taco Bell, Chick-Fil-A, Bojangles, Wells Fargo, Ace Hardware
- Strategically located off of I-40, which sees in excess of 52,000 VPD
- Robust average household income of $111,960 within a 5 mile radius of the subject property proving an affluent surrounding community
- The subject property comes with a 20-year transferable roof warranty
- Five, 5-year options with rent increases of $5,000 ($0.50 PSF)
- Extremely strong corporately guaranteed lease
Broker of Record
- Kyle Matthews
- License No. C38369 (NC)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203