1307 King St, Windsor, NC 27983

This exceptional investment opportunity presents a fee-simple ownership of an 8,000-square-foot retail property located at 1307 S King St, Windsor, NC 27983. The property, built in 2012 and situated on a sizable 1.64-acre corner lot, is currently 100% occupied by a Family Dollar store under a Net Lease (NN+) agreement. The lease, originally commencing March 12, 2014, includes a corporate guarantee from Family Dollar Stores, Inc. The tenant recently exercised their first renewal option, resulting in a 10% rent increase. The current lease term extends until March 30, 2028, offering a remaining lease term of approximately 3.4 years. The property boasts a strong net operating income (NOI) of $90,341, translating to a compelling 7.75% capitalization rate. The asking price is $1,165,690, representing a price per square foot of $145.71. Future rent increases are built into the lease with a 10% bump every five years. The property's strategic location is directly adjacent to ECU Health Hospital, ensuring high visibility and foot traffic. This is a rare opportunity to acquire a stable, high-performing retail investment with a strong tenant and significant upside potential.