5000 Nc-704 Sandy Ridge, NC 27046
- Retail properties
- 9,180 SF
- 1.71 lot acres
Current Use by Public Records
- Isalis / Jewelry Store / Gift Shop
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 5000 Nc-704
- Year built
- 2021
- Lot size
- 1.71 lot acres
- Property size
- 9,180 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fee-simple, single-tenant, net-leased Family Dollar convenience store and storefront located at 5000 NC-704, Sandy Ridge, NC 27046. Built in 2021, this 9,180 square foot building sits on a 1.71-acre lot and boasts 48 parking spaces. The property features a strong 8.65% cap rate and a substantial net operating income (NOI) of $97,675. The current lease, commenced February 1, 2021, and expires January 31, 2031, providing a remaining lease term of approximately 6.2 years. The asking price is $1,129,000, translating to a price per square foot of $122.98. The property is classified as Class B and benefits from a 10-year lease with no rent bumps. This location enjoys convenient proximity to the Virginia border, Winston-Salem, and Greensboro, within a business-friendly environment. Importantly, Family Dollar has indicated interest in a potential lease buyout, presenting an additional owner-user opportunity. The investment-grade lease offers a high yield and security, further enhanced by the 2021 build-to-suit construction. This is a rare opportunity to acquire a well-performing, established retail property with significant upside potential.
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
- Sandy Ridge
- County
- Stokes
- State
- North Carolina
- Longitude
- -80.103
- Latitude
- 36.497
