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Family Dollar 100 Lizard Creek Rd 10,500 SF Retail Building Littleton, NC 27850 $1,641,000 ($156.29/SF) 8.15% Cap Rate
Investment Highlights
- Recent 10-year lease extension signed 2022 | 6+ years remaining on extension term
- Affluent surrounding area | $121K average household income within a 3-mile radius
- Corporate guaranteed lease | Family Dollar Stores, Inc. | 7,123+ locations in the US
- Significant landlord investment | Tenant expanded the building by approximately 2,000 SF in 2022
- Attractive lease structure | New 10-year term plus 3, 5-year options remaining | 25-year full lease tail
- Strong rent growth | $0.75 PSF rent increases in each option period
Executive Summary
Quinn O'Donnell and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Family Dollar in Littleton, NC. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,500 SF
Building Class
C
Year Built
2013
Price
$1,641,000
Price Per SF
$156.29
Cap Rate
8.15%
NOI
$133,770
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.06 AC
Zoning
Commercial
Parking
44 Spaces (4.19 Spaces per 1,000 SF Leased)
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | L2A 63H | Improvements Assessment | $1,027,973 |
| Land Assessment | $399,000 | Total Assessment | $1,426,973 |
Property Taxes
Parcel Number
L2A 63H
Land Assessment
$399,000
Improvements Assessment
$1,027,973
Total Assessment
$1,426,973
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