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    5000 Nc-704 Sandy Ridge, NC 27046

    Sponsored
    For Sale
    $1,129,000

    High-yield, 9,180 SF Family Dollar.

    Property size:
    9,180 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fee-simple, single-tenant, net-leased Family Dollar convenience store and storefront located at 5000 NC-704, Sandy Ridge, NC 27046. Built in 2021, this 9,180 square foot building sits on a 1.71-acre lot and boasts 48 parking spaces. The property features a strong 8.65% cap rate and a substantial net operating income (NOI) of $97,675. The current lease, commenced February 1, 2021, and expires January 31, 2031, providing a remaining lease term of approximately 6.2 years. The asking price is $1,129,000, translating to a price per square foot of $122.98. The property is classified as Class B and benefits from a 10-year lease with no rent bumps. This location enjoys convenient proximity to the Virginia border, Winston-Salem, and Greensboro, within a business-friendly environment. Importantly, Family Dollar has indicated interest in a potential lease buyout, presenting an additional owner-user opportunity. The investment-grade lease offers a high yield and security, further enhanced by the 2021 build-to-suit construction. This is a rare opportunity to acquire a well-performing, established retail property with significant upside potential.

    Property Features for 5000 Nc-704

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,180 SF
    Class
    B
    Lot Size
    74,488 SF

    Building Details

    Year Built
    2021
    Stories
    1

    HighLights

    • High‑yield investment opportunity.
    • Brand‑new construction (2021).
    • Investment‑grade lease (BBB rating).
    • Excellent location near Winston‑Salem, Greensboro, and the Virginia border.
    • Pro‑business environment.
    • Potential owner‑user opportunity; Family Dollar has expressed buy‑out interest.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Hotel & Motel Department Store Food Market Grocery Store Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sandy Ridge
    County
    Stokes
    State
    North Carolina
    Longitude
    -80.10302299913
    Latitude
    36.496962040595

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    FAQs

    What type of property is this?
    Individual retail property - High-yield, 9,180 SF Family Dollar.
    Where is this individual retail property located?
    The property is located at 5000 Nc-704 Sandy Ridge, NC.
    What is the asking price?
    The asking price for this property is $1,129,000.
    What are key features of this property?
    This property features: High-yield investment opportunity.; Brand-new construction (2021).; Investment-grade lease (BBB rating).
    Request Owner's contact information
    5000 Nc-704 Sandy Ridge, NC 27046
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5000 Nc-704 Sandy Ridge, NC 27046
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