2301 Lincolnton Hwy, Cherryville, NC 28021

This exceptional investment opportunity presents a brand-new, 9,882 square foot Dollar Tree storefront, built in 2024, situated on a 1.46-acre lot in Cherryville, North Carolina. The property boasts a 10-year NNN lease commencing January 15, 2025, and expiring January 14, 2035, with a current NOI of $161,175 and a 7.00% cap rate. The asking price is $2,303,000. The property features 40 parking spaces and benefits from excellent visibility and access, with 14,542 vehicles passing daily on Lincolnton Highway. Its strategic location is adjacent to a Walmart Supercenter and near other national retailers including Scooter's Coffee, Ace Hardware, Main St. Family Urgent Care, and Murphy USA. The property is also conveniently located near Gaston College (1,400+ students and 400 employees) and several K-12 schools (1,491 combined students), serving a primary trade area of 37,253 residents with an average household income of $82,212. The lease includes rent bumps in renewal options and three 5-year lease options. This is a fee-simple ownership with 100% occupancy. The tenant, Dollar Tree (NASDAQ: DLTR), is investment-grade credit rated 'BBB' by S&P and generated $30.6 billion in revenue in 2023. The property's proximity to the proposed Carolina Lithium Project, a significant economic development initiative, further enhances its long-term value.