141 Main St Broadway, NC 27505
- Retail properties
- 1.82 lot acres
Current Use by Public Records
- Retail properties
Property Details for 141 Main St
- Year built
- 2024
- Lot size
- 1.82 lot acres
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 2024-built, 10-year triple-net (NNN) lease retail property in Broadway, NC (Lee County, zip code 27505). Located at 141 N Main St, this 1.82-acre site houses a Dollar General, Dollar Tree, and Family Dollar, offering a strong, diversified tenant base. The lease commenced November 5th, 2024, and expires November 30th, 2034, with five, five-year renewal options, each including a $5,000 annual rent increase ($.50 per square foot). The property boasts a robust 7.20% cap rate and a current Net Operating Income (NOI) of $147,100. The asking price is $2,043,056. Strong demographics support this investment: a 5-mile radius encompasses 14,437 residents, while a 10-mile radius includes 69,808 residents, with an average household income of $93,524 within the closer radius. The property benefits from a 20-year transferable roof warranty and is backed by Dollar Tree, a highly rated (BBB-) investment-grade tenant and the second-largest discount retailer in the US, demonstrating resilience and growth even during the COVID-19 pandemic. This is a rare opportunity to acquire a stable, high-performing retail investment 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
- Broadway
- County
- Lee
- State
- North Carolina
- Longitude
- -79.0561
- Latitude
- 35.4616
