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    3196 Old Stage Rd Riegelwood, NC 28456

    For Sale
    $1,187,000

    Family Dollar Net Lease, High Cap Rate

    Property size:
    9,180 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional investment opportunity presents a fee-simple ownership of a 9,180 square foot, single-story Class A convenience store in Riegelwood, North Carolina. The property, built in 2007 and situated on a 1.35-acre lot at 3196 Old Stage Rd, is currently 100% occupied by a Family Dollar store under a Net-Net lease with a corporate guarantee. The lease, originally commencing December 5, 2007, has a remaining term of approximately 3.1 years, with three 5-year renewal options, each including a 10% rent increase. The current annual net operating income (NOI) is $91,960, resulting in an attractive 7.75% capitalization rate. The asking price is $1,187,000, translating to $129.30 per square foot. This investment offers a strong, recession-resistant tenant with a proven track record and significant brand recognition, providing a passive income stream with built-in inflation protection. The property's long-term lease and the tenant's financial strength make this an ideal addition to any diversified real estate portfolio. The tenant has consistently occupied the premises since its construction, demonstrating a commitment to the location and its success. This is a rare opportunity to acquire a well-performing, established retail property with a highly desirable tenant in a stable market.

    Property Features for 3196 Old Stage Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,180 SF
    Class
    A
    Lot Size
    58,806 SF

    Building Details

    Year Built
    2007
    Buildings
    1
    Stories
    1

    HighLights

    • 7.75% Cap Rate, Net‑Net Lease with a recent 5‑year lease extension by investment‑grade tenant Family Dollar (BBB S&P rating).
    • Strong national tenant: Family Dollar, a subsidiary of Fortune 500 company Dollar Tree (DLTR), operating over 8,200 locations.
    • Recession‑resistant business model: Essential business with proven e‑commerce and discount merchandising strategies, showing recent same‑store sales growth.
    • Long‑term stability: Over 15 years of continuous operation at this location since 2007.
    • Passive income and inflation hedge: Net‑Net lease with minimal landlord responsibilities and 10% rental increases in lease options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Building Supply Dental Office Auto Repair Shop Food Market Grocery Store Convenience Store Smoke and Vape Shop Shopping Mall Arcade & Gaming Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Riegelwood
    County
    Columbus
    State
    North Carolina
    Longitude
    -78.227099
    Latitude
    34.3431435

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    FAQs

    What type of property is this?
    Individual retail property - Family Dollar Net Lease, High Cap Rate
    Where is this individual retail property located?
    The property is located at 3196 Old Stage Rd Riegelwood, NC.
    What is the asking price?
    The asking price for this property is $1,187,000.
    What are key features of this property?
    This property features: 7.75% Cap Rate, Net-Net Lease with a recent 5-year lease extension by investment-grade tenant Family Dollar (BBB S&P rating).; Strong national tenant: Family Dollar, a subsidiary of Fortune 500 company Dollar Tree (DLTR), operating over 8,200 locations.; Recession-resistant business model: Essential business with proven e-commerce and discount merchandising strategies, showing recent same-store sales growth.
    Request Owner's contact information
    3196 Old Stage Rd Riegelwood, NC 28456
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    Riegelwood, NC 28456
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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
    3196 Old Stage Rd Riegelwood, NC 28456
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