Building Details

Year built 2019

Floors in Building 1

Building materials Block, Concrete, Metal Siding

Roof type Metal

Buildings 1

Listing Agency: Pillai Realty LLC r***@gmail.com Show Phone

Listed By: Sridhar Boyina Show Phone

Added: Oct 31 Changed: Nov 5 Last Checked: Nov 5 at 12:06PM

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MLS# 10201810

Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

The 8,400-square-foot Family Dollar store was built in 2019 on a 1.22-acre parcel. The property has block, concrete, and metal siding construction, a metal roof, central heating and air conditioning, public water, and public sewer. Zoning designations are CF, CG, CR, and W2. The lease is structured as NNN, with the tenant reimbursing real estate taxes and casualty insurance. The primary term ends March 31, 2029, and includes six five-year renewal options with 7.5% contractual rent increases.

The property is at the corner of Andrew Jackson Highway SW and Haynes Lennon Highway, along the US-74 business corridor in Cerro Gordo, North Carolina. The tenant is Family Dollar Stores, Inc., under a corporate guarantee. The reported cap rate is 7.4%.

Key Highlights

• 8,400‑square‑foot Family Dollar store on 1.22 acres
• Built in 2019; metal roof, central HVAC, public water and public sewer
• Corporate‑guaranteed NNN lease with reimbursement of real estate taxes and casualty insurance

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$101,395

Cap Rate

8.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,027,900 $2.0M

Cap Rate 7%

$1,448,500 $1.4M

Cap Rate 9%

$1,126,611 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,400 SF

Gross rent

$151.2K $18.00/SF

− Vacancy

−$6.4K −$0.76/SF

EGI

$144.8K $17.24/SF

− OpEx

−$43.5K −$5.17/SF

NOI

$101.4K $12.07/SF

Area

Columbus County, NC

Vacancy

4.20%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,027,900

Cap Rate 7%

$1,448,500

Cap Rate 9%

$1,126,611

Alternative Uses

Best Use

Specialty Retail

$1.53M

$1.34M – $1.78M (±1% cap)

NOI $107,025 @ 7.0% cap · market cap 9.27%

Second Best

Retail

$1.45M

$1.27M – $1.69M (±1% cap)

NOI $101,395 @ 7.0% cap · market cap 8.78%

Theoretical Best

Office A

$2.04M

$1.78M – $2.38M (±1% cap)

NOI $142,636 @ 7.0% cap · market cap 12.35%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Family Dollar (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick HVAC Service Auto Parts Store Grocery & Convenience Store Pharmacy Pet Grooming Service Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

40

Businesses Nearby

15k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

BP Shops & Services

5,513 visits/mo 0.1 miles

Dollar General Shops & Services

4,200 visits/mo 0.1 miles

Family Dollar Shops & Services

3,135 visits/mo 0.1 miles

Valero Energy Shops & Services

2,091 visits/mo 0.1 miles

Demographics for 28430, NC

1,522

Population

940

Households

1.6

Avg Household Size

44

Median Age

10%

College-Educated

91%

High-School Grad

46.9 sq mi

ZIP Area

32

Density / Sq Mi

$66,786

Median Household Income

$43,688

Median Earnings

$594

Median Rent

$121,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

1031 exchange property - A corporate-guaranteed single-tenant lease includes tenant reimbursement of real estate taxes and casualty insurance.

Where is this 1031 exchange property located?

The property is located at 7448 Andrew Jackson Highway SW Cerro Gordo, NC.

What is the asking price?

The asking price for this property is $1,155,000.

What are key features of this property?

This property features: 8,400‑square‑foot Family Dollar store on 1.22 acres; Built in 2019; metal roof, central HVAC, public water and public sewer; Corporate‑guaranteed NNN lease with reimbursement of real estate taxes and casualty insurance