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Family Dollar | Early Lease Extension 207 E NC 11 8,000 SF Retail Building Oak City, NC 27857 $1,017,200 ($127.15/SF) 8% Cap Rate
Investment Highlights
- Corporate Lease | Early Lease Extension
- Well-Established Location Situated at 4-way Signalized Corner
- 10% Rent Increases at Each Option
Executive Summary
Corporate Lease | Early Lease Extension
Tenant-managed double net lease Lease recently extended by Tenant (early extension)
10% Rent Increases at Each Option Period
Rent Increases of 10% at each of the 4, 5-Year Option Periods
Well-Established Location Sitatued at a 4-Way Signalized Corner
Situated at the 4-way signalized corner of NC Hwy 11 & NC Hwy 125
Across from a Speedway fuel station
Tenant-managed double net lease Lease recently extended by Tenant (early extension)
10% Rent Increases at Each Option Period
Rent Increases of 10% at each of the 4, 5-Year Option Periods
Well-Established Location Sitatued at a 4-Way Signalized Corner
Situated at the 4-way signalized corner of NC Hwy 11 & NC Hwy 125
Across from a Speedway fuel station
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
8,000 SF
Building Class
C
Year Built
2011
Price
$1,017,200
Price Per SF
$127.15
Cap Rate
8%
NOI
$81,375
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.25 AC
Zoning
R - Commercial
Parking
20 Spaces (2.35 Spaces per 1,000 SF Leased)
Frontage
200’ on E NC 11
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 1000781 | Improvements Assessment | $653,730 |
| Land Assessment | $95,290 | Total Assessment | $749,020 |
Property Taxes
Parcel Number
1000781
Land Assessment
$95,290
Improvements Assessment
$653,730
Total Assessment
$749,020
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Family Dollar | Early Lease Extension | 207 E NC 11
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