1054 Nc-86 Blanch, NC 27379
- Retail properties
- 8,320 SF
- 1.25 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1054 Nc-86
- Year built
- 2014
- Lot size
- 1.25 lot acres
- Property size
- 8,320 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a fee-simple interest in an 8,320-square-foot Family Dollar store in Yanceyville, North Carolina. Built in 2014 as a build-to-suit, this freestanding retail building sits on a 1.25-acre lot with 42 parking spaces and enjoys a prominent location on a signalized corner of Highway 86. The property boasts a strong 10.98% cap rate, generating a net operating income (NOI) of $106,000. The current lease, with a corporate guarantee from Dollar Tree, Inc. (parent company of Family Dollar), runs until September 30, 2025, with five 5-year renewal options, each including a 10% rent increase. Family Dollar has occupied the property since October 30, 2013, demonstrating a long-term commitment to the location. The property's asking price is $965,000. Dollar Tree, Inc. reported $30.6 billion in total revenue as of January 31, 2024, and holds an investment-grade S&P credit rating of BBB/Stable. The property's central location in Yanceyville, near county services and Piedmont Community College, further enhances its value. This is a rare opportunity to acquire a well-performing, net-leased retail property with a strong tenant and significant upside potential. The property's APN is 0068.00.00.0091.0000. The permitted zoning is Commercial.
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
- Blanch
- County
- Caswell
- State
- North Carolina
- Longitude
- -79.3373
- Latitude
- 36.4076
