Property summary
This exceptional investment opportunity presents a fee-simple ownership of a Family Dollar Tree store located at 114 NC-67, East Bend, NC 27018. The property boasts a 10,500 square foot building constructed in 2022 on a 1.4-acre lot, featuring 32 parking spaces. The property benefits from a strong location with high traffic counts: 4,700 vehicles per day (VPD) on NC Hwy 67 and 3,400 VPD on Flint Hill Rd. The current lease, a Net Net (NN) agreement with a credit-rated, corporate-guaranteed tenant, has a remaining term of 8.1 years, extending to December 31, 2032. The lease commenced December 8, 2022, offering significant long-term stability. The property's Net Operating Income (NOI) is $114,870, resulting in a 7.10% cap rate. The asking price is $1,617,887, translating to $154.08 per square foot. The property is zoned HIGHWAY COMMERCIAL and the APN is PORTION OF 147234, 147236, 147241. This single-tenant, 100% occupied property offers a compelling investment opportunity in a recession-resistant, e-commerce-proof sector. The property's strong tenant, favorable lease terms, and high traffic location make it an attractive addition to any portfolio.
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6 recent transactions · within 1.5 miComparable in this City
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Property description
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