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125 S McDaniel St 10,500 SF Retail Building Enfield, NC 27823 $1,285,200 ($122.40/SF) 8.75% Cap Rate
Investment Highlights
- Brand-new 2021 build-to-suit specifically for Family Dollar, delivering modern, high-quality facilities with minimal near-term capital requirements.
- $5,250 annual increases ($0.50/SF) in each of the five (5), 5-year renewal options, ensuring predictable cash flow growth and inflation protection.
- Full corporate guarantee from Family Dollar, delivering reliable payment performance and investment-grade tenancy stability.
- ±7.5 years remaining on an initial 10-year NN+ lease with limited landlord responsibilities, providing strong income visibility and passive ownership
- ±9,000 residents within a 10-mile radius, supporting consistent demand for essential, value-oriented retail in the trade area.
Executive Summary
Broker of Record
Gerard Hamas
License # C42113, 362768 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Gerard Hamas
License # C42113, 362768 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
C
Year Built
2021
Price
$1,285,200
Price Per SF
$122.40
Cap Rate
8.75%
NOI
$112,455
Tenancy
Single
Building Height
1 Story
Opportunity Zone
Yes
Zoning
C
Parking
37 Spaces (3.52 Spaces per 1,000 SF Leased)
Frontage
81’ on South McDaniel Street
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Family Dollar began in 1959 as a discount variety store chain and grew from a neighborhood retail concept into a nationwide business serving everyday shopping needs. The company focuses on affordable family essentials and carries food and beverages, paper products, health and beauty supplies, pet food, home products, apparel and accessories, seasonal goods, and electronics. Family Dollar supports convenient value shopping through national brands, private-label items, and digital savings tools across the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,088,900 | |
| Land Assessment | $84,400 | Total Assessment | $1,173,300 |
Property Taxes
Parcel Numbers
Land Assessment
$84,400
Improvements Assessment
$1,088,900
Total Assessment
$1,173,300
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