224 Kornegay St, Dover, NC 28526-4500

This exceptional investment opportunity presents a 8,320 square-foot retail property in Dover, NC, currently leased to Family Dollar under a Net Lease agreement. The property boasts a strong 8.02% cap rate and a substantial Net Operating Income (NOI) of $85,398. Built in 2018, this single-tenant building sits on a 1.58-acre lot and includes 30 parking spaces. The lease, commencing May 1, 2018, and expiring April 30, 2028, offers a remaining term of approximately 3.4 years. The tenant, Family Dollar, is backed by a corporate guarantee, mitigating risk. The property's location at 224 E Kornegay St, Dover, NC 28526, within a thriving commercial area, ensures high visibility and accessibility. The building features contemporary architecture and high-quality construction. The property is zoned Commercial - Retail Shops and offers a compelling investment opportunity due to its strong tenant, favorable lease terms, and attractive financial metrics. The asking price is $1,065,000, translating to $128 per square foot. This property is an ideal addition to any diversified portfolio seeking stable income and long-term growth potential. The lease includes rent escalations, further enhancing the investment's return.