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100 Gardner Farm Ln 10,532 SF Retail Building Currituck, NC 27929 $1,875,000 ($178.03/SF) 7.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Commerical Zoning!
- Existing Dumpster Pad!
- Handicapped Access!
- Not in Flood Zone!
- Daily Traffic Count of 30,000!
- Existing Pylon signage in place!
EXECUTIVE SUMMARY
Recently constructed in 2022, this 10,532 square foot building on 2 acres was the home of a Family Dollar Dollar Tree that recently converted to a Dollar Tree after DT sold FD. Large +/- 8,500 sq ft retail floor, 2 restrooms, office, and warehouse/storage in the rear. LED lighting, 4 Carrier HVAC units with Natural Gas, sprinkler system for landscaping, dumpster corral, pylon sign, LED parking lot lights, metal roof. Lease runs through December 2032 NOI $134,925 7.196% cap rate. 5 renewal options of 5 years each with a $0.50 per sq ft bump for every 5 year option.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,532 SF
Building Class
B
Year Built/Renovated
2022/2025
Price
$1,875,000
Price Per SF
$178.03
Cap Rate
7.20%
NOI
$134,925
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.00 AC
Opportunity Zone
Yes
Zoning
GB - General Business
Frontage
200’ on Caratoke Hwy
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Dollar Tree
- Retailer
- 10,532 SF
- $12.85
- Triple Net
- Nov 2032
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Dollar Tree | Retailer | 10,532 SF | $12.85 | Triple Net | Nov 2032 |
PROPERTY TAXES
| Parcel Number | 0050000125B0000 | Improvements Assessment | $873,600 |
| Land Assessment | $119,400 | Total Assessment | $993,000 |
PROPERTY TAXES
Parcel Number
0050000125B0000
Land Assessment
$119,400
Improvements Assessment
$873,600
Total Assessment
$993,000
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100 Gardner Farm Ln
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