9060 Hillsville Rd Trinity, NC 27370
- Retail properties
- 10,500 SF
- 1.81 lot acres
Current Use by Public Records
- Retail properties
Property Details for 9060 Hillsville Rd
- Year built
- 2024
- Lot size
- 1.81 lot acres
- Property size
- 10,500 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
This exceptional investment opportunity presents a 10,500-square-foot retail property in Trinity, NC, boasting a strong 8.00% cap rate. The property is situated on a 1.81-acre lot and features a brand-new, 2024 built-to-suit construction for Family Dollar, a subsidiary of Dollar Tree, a major discount retailer with an investment-grade credit rating. The property benefits from a 10-year Net Net Net (NNN) lease with limited landlord responsibilities, commencing July 31, 2024, and expiring August 30, 2034. The lease includes five, five-year options with rent increases of $5,250 (or $0.50 per square foot). The tenant, Family Dollar, is backed by a corporate guarantee, ensuring financial stability. The property enjoys 100% occupancy and a strong Net Operating Income (NOI) of $137,655. The location is strategically positioned within a thriving market, serving a population of approximately 26,287 residents within a five-mile radius and approximately 154,007 residents within a ten-mile radius. This presents a compelling investment opportunity with significant long-term potential. The property is located at 9060 Hillsville Rd, Trinity, NC 27370.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Trinity
- County
- Randolph
- State
- North Carolina
- Longitude
- -79.9385
- Latitude
- 35.8437
