Cap Rate
8.00%
Year Built
2024
Leasable Area
10,500 SF
Term Remaining
±10 Yrs
NOI
$137,655
Property Type
Retail
INVESTMENT HIGHLIGHTS
- 2024 Built-to-suit construction for Family Dollar
- 10-Year NN+ lease w/ limited landlord responsibilities
- 5 mile population of ±26,287 Residents
- 10 mile population of ±154,007 Residents
- The subject property comes with a 20-year transferable roof warranty
- Five, 5-Year Options with rent increases of $5,250 ($.50 PSF)
- Extremely strong corporately guaranteed lease
- Located ±20 Miles South of Greensboro
- 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 15,115+ locations
- Dollar Tree boasts an investment-grade credit rating of BBB-
- Dollar Tree has thrived through the COVID pandemic and witnessed a sharp increase in same-store sales and profitability
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