3196 Old Stage Rd Riegelwood, NC 28456
- Retail properties
- 9,180 SF
- 1.35 lot acres
Current Use by Public Records
- Retail properties
Property Details for 3196 Old Stage Rd
- Year built
- 2007
- Lot size
- 1.35 lot acres
- Property size
- 9,180 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
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
- Riegelwood
- County
- Columbus
- State
- North Carolina
- Longitude
- -78.2271
- Latitude
- 34.3431
