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3196 Old Stage Rd Riegelwood, NC 28456

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For Sale
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Family Dollar Net Lease, High Cap Rate

Property size:
9,180 SF

Property Features for 3196 Old Stage Rd

General Information

Property type
Retail space
Square Feet
9,180 SF
Class
A
Lot Size
58,806 SF

Building Details

Year Built
2007
Buildings
1
Stories
1

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Listing Contact
David Hoppe
David Hoppe

Listing Agency: Atlantic Capital Partners Listing Agent: David Hoppe

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

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 Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Restaurant Building Supply Dental Office Auto Repair Shop Food Market Grocery & Convenience Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Shopping Center & Mall Arcade & Gaming Center

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

Location Insight

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

FAQs

What type of property is this?
Retail space - Family Dollar Net Lease, High Cap Rate
Where is this retail space 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.
(704) 375-7771 Call to check price and availability
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