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Family Dollar 224 E Kornegay St 8,320 SF Retail Building Dover, NC 28526 $899,000 ($108.05/SF) 9.50% Cap Rate
Investment Highlights
- Corporate guaranty from Family Dollar Stores, Inc. | 7,123+ locations across the U.S.
- Strong rent growth | 7.5% increase in fixed mid term year plus 5% increase in each option period
- Modern building footprint at 8,320 SF
- Attractive lease structure with 6, 5-year options remaining | 40- year full lease term
- Strategically located on Highway 70 | Hard corner location | East/West regional corridor
- 10 minutes from Lenoir Community College | 2,400 students
Executive Summary
Quinn O'Donnell and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Family Dollar in Dover, NC. We welcome you review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Storefront
Building Size
8,320 SF
Building Class
B
Year Built
2018
Price
$899,000
Price Per SF
$108.05
Cap Rate
9.50%
NOI
$85,398
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.59 AC
Zoning
Commercial
Parking
30 Spaces (3.6 Spaces per 1,000 SF Leased)
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 3-D-06-048 | Improvements Assessment | $675,700 |
| Land Assessment | $33,000 | Total Assessment | $708,700 |
Property Taxes
Parcel Number
3-D-06-048
Land Assessment
$33,000
Improvements Assessment
$675,700
Total Assessment
$708,700
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Family Dollar | 224 E Kornegay St
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