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    19 Waddell St Ansonville, NC 28007
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    19 Waddell St Ansonville, NC 28007

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    • Retail properties & Spaces
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    • Retail properties & Spaces

    Property Details for 19 Waddell St

    Year built
    2023
    Property type
    Retail properties & Spaces
    Property subtype
    Grocery and convenience stores

    Description

    This exceptional investment opportunity presents a newly constructed (2023) Family Dollar Tree retail property located at 19 Waddell St, Ansonville, NC 28007. The property features a 10-year net lease (NN+) with five, 5-year options, each including a $5,250 rent increase ($.50 PSF). The lease commenced April 20, 2023, and expires April 30, 2033, providing a substantial remaining lease term of 8.5 years. The property boasts a strong 8.00% cap rate and a Net Operating Income (NOI) of $118,020. The tenant, Family Dollar Tree, benefits from a corporate guarantee and an investment-grade credit rating (BBB-), ensuring financial stability. This strategically located property is adjacent to Ansonville Elementary School, providing high visibility and convenient access. The combined Family Dollar and Dollar Tree store format demonstrates a proven 20% higher sales volume compared to single-branded stores. Dollar Tree, the parent company, is the second-largest discount retailer in the US, with over 16,000 locations, showcasing its market dominance and resilience. The asking price for this exceptional net lease investment is $1,475,250. This property offers a compelling combination of strong tenant credit, a long-term lease, and a desirable location, making it an ideal addition to any investment portfolio.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ansonville
    County
    Anson
    State
    North Carolina
    Longitude
    -80.108
    Latitude
    35.1037

    Comparable in this City

    • Value Estimation by Request
      1,925 SF

      8931 Main St

      CONVENIENCE STORE • 1,925 SF
      8931 Main St, Ansonville, NC 28007
      View Details
    • Value Estimation by Request
      5,100 SF

      8742 Hwy 52nd N

      STORE, RETAIL OUTLET • 5,100 SF
      8742 Hwy 52nd N, Ansonville, NC 28007
      View Details
    • Value Estimation by Request
      600 SF

      8776 Hwy 52nd N

      RETAIL STORES (PERSONAL SERVICES) • 600 SF
      8776 Hwy 52nd N, Ansonville, NC 28007
      View Details
    • Value Estimation by Request
      1,140 SF

      8795 Hwy 52nd N

      RETAIL STORES (PERSONAL SERVICES) • 1,140 SF
      8795 Hwy 52nd N, Ansonville, NC 28007-9798
      View Details
    • Value Estimation by Request
      2,080 SF

      8761 Hwy 52nd N

      RETAIL STORES (PERSONAL SERVICES) • 2,080 SF
      8761 Hwy 52nd N, Ansonville, NC 28007
      View Details
    • Value Estimation by Request
      2,801 SF

      8813 Hwy 52nd N

      FINANCIAL BUILDING • 2,801 SF
      8813 Hwy 52nd N, Ansonville, NC 28007
      View Details

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    Ansonville, NC 28007
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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    19 Waddell St, Ansonville, NC, 28007
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