3196 Old Stage Rd Riegelwood, NC 28456

This exceptional investment opportunity presents a fee-simple ownership of a 9,180 square foot, single-story Class A convenience store in Riegelwood, North Carolina. The property, built in 2007 and situated on a 1.35-acre lot at 3196 Old Stage Rd, is currently 100% occupied by a Family Dollar store under a Net-Net lease with a corporate guarantee. The lease, originally commencing December 5, 2007, has a remaining term of approximately 3.1 years, with three 5-year renewal options, each including a 10% rent increase. The current annual net operating income (NOI) is $91,960, resulting in an attractive 7.75% capitalization rate. The asking price is $1,187,000, translating to $129.30 per square foot. This investment offers a strong, recession-resistant tenant with a proven track record and significant brand recognition, providing a passive income stream with built-in inflation protection. The property's long-term lease and the tenant's financial strength make this an ideal addition to any diversified real estate portfolio. The tenant has consistently occupied the premises since its construction, demonstrating a commitment to the location and its success. This is a rare opportunity to acquire a well-performing, established retail property with a highly desirable tenant in a stable market.