114 Nc-67 East Bend, NC 27018
- Retail properties
- 10,500 SF
- 1.40 lot acres
Current Use by Public Records
- Retail properties
Property Details for 114 Nc-67
- Year built
- 2022
- Lot size
- 1.40 lot acres
- Property size
- 10,500 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
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.
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
- East Bend
- County
- Yadkin
- State
- North Carolina
- Longitude
- -80.5203
- Latitude
- 36.2171
