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2301 Lincolnton Hwy Cherryville, NC 28021

For Sale
$2,303,000

Brand new, 10-year NNN lease. High-traffic location.

Property size:
9,882 SF

Description

Added:
Dec 11, 2024
Days on Market:
370
This exceptional investment opportunity presents a brand-new, 9,882 square foot Dollar Tree storefront, built in 2024, situated on a 1.46-acre lot in Cherryville, North Carolina. The property boasts a 10-year NNN lease commencing January 15, 2025, and expiring January 14, 2035, with a current NOI of $161,175 and a 7.00% cap rate. The asking price is $2,303,000. The property features 40 parking spaces and benefits from excellent visibility and access, with 14,542 vehicles passing daily on Lincolnton Highway. Its strategic location is adjacent to a Walmart Supercenter and near other national retailers including Scooter's Coffee, Ace Hardware, Main St. Family Urgent Care, and Murphy USA. The property is also conveniently located near Gaston College (1,400+ students and 400 employees) and several K-12 schools (1,491 combined students), serving a primary trade area of 37,253 residents with an average household income of $82,212. The lease includes rent bumps in renewal options and three 5-year lease options. This is a fee-simple ownership with 100% occupancy. The tenant, Dollar Tree (NASDAQ: DLTR), is investment-grade credit rated 'BBB' by S&P and generated $30.6 billion in revenue in 2023. The property's proximity to the proposed Carolina Lithium Project, a significant economic development initiative, further enhances its long-term value.

Property Features for 2301 Lincolnton Hwy

General Information

Property type
Individual retail properties
Square Feet
9,882 SF
Lot Size
63,598 SF

Building Details

Year Built
2024

HighLights

  • Strong primary trade area with 37,253 residents and $82,212 average household income.
  • High visibility location on Lincolnton Highway with 14,542 vehicles per day.
  • Excellent co‑tenancy with Walmart Supercenter, Scooter's Coffee, Ace Hardware, Main St. Family Urgent Care, and Murphy USA.
  • Proximity to the Carolina Lithium Project, a major economic development project.
  • Conveniently located 7 miles from Gaston College (1,400+ students, 400+ employees).
  • Surrounded by K‑12 schools with a combined enrollment of 1,491 students.
Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Restaurant Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Pharmacy Auto Parts Store Kitchen & Bath

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

Location Insight

  • Map
  • Local Demand
City
Cherryville
County
Gaston
State
North Carolina
Longitude
-81.3430527
Latitude
35.3971031

FAQs

What type of property is this?
Individual retail property - Brand new, 10-year NNN lease. High-traffic location.
Where is this individual retail property located?
The property is located at 2301 Lincolnton Hwy Cherryville, NC.
What is the asking price?
The asking price for this property is $2,303,000.
What are key features of this property?
This property features: Strong primary trade area with 37,253 residents and $82,212 average household income.; High visibility location on Lincolnton Highway with 14,542 vehicles per day.; Excellent co-tenancy with Walmart Supercenter, Scooter's Coffee, Ace Hardware, Main St. Family Urgent Care, and Murphy USA.
More about this property
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