This property is Off-Market

4423 South NC Hwy 150
Tyro, NC 27292 ·

16,214 SF · Retail For Sale

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TYRO DOLLAR GENERAL, MOVIE GALLERY AND SHOPS

Price N/A Occupancy 100%
Gross Leasable Area 16,214 SF No. Stories 1
Property Type Retail Tenancy Multiple
Property Sub-type Strip Center Year Built 2005
Property Use Type Investment Lot Size 2.05 AC
Cap Rate 8.70% Parking Ratio 5.60 / 1,000 SF
Listing ID: 14986337 Date Created: 02/05/2007 Last Updated: 09/25/2008

Description

Dollar General has excellent sales and is on target to hit percentage rent. A 16,214sf five-tenant retail building completed in 2005, located on the main drag of this rural crossroads in Davidson County. The site is in close proximity to all of the town' s businesses and churches, as well as its three schools. Tyro is within commuting distance of all three cities of the Greensboro/Winston-Salem/High Point MSA (Pop. 1.3 million) which boasts an annual 2% population growth rate. A new Food Lion is under construction about ΒΌ mile from the property. This property is part of a portfolio with a sister project in Dallas, NC (68 miles SW) and can be purchased in conjunction or separately.

Tyro is within commuting distance of all three cities of the Greensboro/Winston-Salem/High Point MSA (Pop. 1.3 million) which boasts an annual 2% population growth rate. Food Lion under construction in close proximity.

Highlights

  • 100% Occupied with Stable Tenants
  • Dollar General- 8,000+ stores
  • Movie Gallery- 4700+ stores- 2nd largest video chain in US
  • Small Town Crossroads- Near 3 Schools- Perfect Target Market for These Retailers
  • Send back confidentiality agreement to receive a full package via email
  • Feb 05 Appraisal- $1,690,000

Research

4423 South NC Hwy 150, Tyro, NC 27292 (Davidson County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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