Family Dollar Retail
For Sale
Contact for pricing
302 North White Street, Whitakers, NC 27891
Commercially zoned retail building completed in 2012 for an established national retail occupant.
Property Size8,000 SF
Price / SF$123.50
Days on Market102
Property Features for 302 North White Street
General Information
Standard status
Active
Size
8,000 SF
Total Parking Spaces
41
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$81,519
Additional Details
Cap Rate
8.25%
Building Details
Year Built
2012
Tenancy
Single
Listing Agency:
Berkeley Capital Advisors Charlotte
Listed By:
Al Dickens · License #NC 317771
Source:
Crexi
Added: May 22
Changed: Aug 30
Last Checked: Aug 30 at 5:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkeley Capital Advisors Charlotte
Investment Insights
Based on property information with market context.
This 8,000-square-foot retail property was completed in 2012 and is identified with Family Dollar. The building carries Commercial zoning and is positioned at 302 North White Street in Whitakers, North Carolina.
The property is offered with an 8.25% CAP rate, providing a defined operating metric for evaluation. Its established retail format and recognizable occupant support straightforward consideration for commercial buyers.
The property is offered with an 8.25% CAP rate, providing a defined operating metric for evaluation. Its established retail format and recognizable occupant support straightforward consideration for commercial buyers.
Key Highlights
- Family Dollar retail property at 302 North White Street in Whitakers, NC 27891
- 8,000‑square‑foot retail building
- Completed in 2012
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$80,965
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,619,300
$1.6M
Cap Rate 7%
$1,156,643
$1.2M
Cap Rate 9%
$899,611
$899.6K
Market Conditions
NOI Build-Up for 8,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$115.2K $14.40/SF
− Vacancy
−$7.2K −$0.91/SF
EGI
$108.0K $13.49/SF
− OpEx
−$27.0K −$3.37/SF
NOI
$81.0K $10.12/SF
Area
Nash County, NC
Vacancy
6.29%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,619,300
Cap Rate 7%
$1,156,643
Cap Rate 9%
$899,611
Alternative Uses
Best Use
Retail
$2.11M
$1.85M – $2.47M
NOI $147,987 @ 7.0% cap · market cap 14.98%
Second Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $80,965 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,630 @ 7.0% cap · market cap 18.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
2,900 visits/mo
0.1 miles
Demographics for 27891, NC
4,626
Population
2,035
Households
2.3
Avg Household Size
48
Median Age
10%
College-Educated
82%
High-School Grad
141.0 sq mi
ZIP Area
33
Density / Sq Mi
$65,806
Median Household Income
$35,102
Median Earnings
$1,007
Median Rent
$128,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Commercially zoned retail building completed in 2012 for an established national retail occupant.
Where is this retail space located?
The property is located at 302 North White Street Whitakers, NC.
What is the asking price?
The asking price for this property is $988,000.
What are key features of this property?
This property features: Family Dollar retail property at 302 North White Street in Whitakers, NC 27891; 8,000‑square‑foot retail building; Completed in 2012
