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Dollar Tree | Brand New 10-Yr Lease 106 W Martin Luther King Dr 9,804 SF Retail Building Maxton, NC 28364 $1,645,500 ($167.84/SF) 7.75% Cap Rate
Investment Highlights
- Brand New 10-Year Lease | Options To Extend
- Across From Piggly Wiggly | Primary Retail Corridor |Strong National/Credit Tenant Presence
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• The tenant, Dollar Tree Stores, Inc., recently signed a brand new 10-year lease with 3 (5-year) option periods to extend, showing their commitment to the site
• The lease features flat rent rent during the initial term and increases of $0.50 PSF at the beggining of each 5-year option period, steadily growing NOI and hedging against inflation
• The lease features flat rent rent during the initial term and increases of $0.50 PSF at the beggining of each 5-year option period, steadily growing NOI and hedging against inflation
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,804 SF
Building Class
B
Year Built/Renovated
2005/2024
Price
$1,645,500
Price Per SF
$167.84
Cap Rate
7.75%
NOI
$127,452
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.05 AC
Zoning
CBD - Commercial
Parking
49 Spaces (5 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3306-02-038 | Improvements Assessment | $824,700 |
| Land Assessment | $302,800 | Total Assessment | $1,127,500 |
Property Taxes
Parcel Number
3306-02-038
Land Assessment
$302,800
Improvements Assessment
$824,700
Total Assessment
$1,127,500
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Dollar Tree | Brand New 10-Yr Lease | 106 W Martin Luther King Dr
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