100 W Jones St
Kenly, NC 27542
Retail Property For Sale

Marcus and Millichap is pleased to exclusively offer for sale the Dollar Tree located at 100 W Jones St in Kenly, North Carolina. The building is 8 050 square feet and was rebranded to Dollar Tree from Family Dollar in 2016. The current lease term has just under 4 years remaining with five, five year options continuing, each of which has 10% increases scheduled. Landlord responsibilities are limited to roof, structure and parking lot repair. Tenant reimburses for taxes and insurance. Tenant is responsible for maintaining landscaping including mowing and snow plowing as well as re-striping of the parking area and repairing the parking lights This store is positioned strategically as it is immediately off of the Kenly/Wilson exit where it is visible more than a quarter mile before the entrance. There are multiple credit tenants located within a half mile of the store including Food Lion, McDonald’s, O'Reilly Auto Parts, Dollar General, Subway, USPS, NAPA Auto Parts, Boost Mobile and a Quality Inn directly across the street. The main thoroughfare through town also hosts multiple local businesses including churches, service stores, banks, restaurants, car dealerships and others Kenly is projected to have a strong population increase in both the one and three mile radius over the next three to five years. There is also heavy traffic volume, with more than 10 000 vehicles per day on Highway 301 W Jones St) and over 30 000 vehicles per day passing by on the Interstate 95 exit crossroad. Both of these factors are significant variables when it comes to lease extension consideration