19 Waddell St Ansonville, NC 28007

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.