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Brand New Dollar Tree | 10-Yr. Lease 2301 Lincolnton Hwy 9,882 SF Retail Building Cherryville, NC 28021 $2,223,000 ($224.95/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 10-Year Lease with Rent Increases in Renewal Options - limited landlord responsibilities with roof warranty
- Adjacent to Walmart Supercenter – with 37,253 residents in primary trade area
- Investment Grade Credit Rated Tenant – rated ‘BBB’ by S&P (NASDAQ: DLTR)
- Excellent Access and Visibility to 14,542 VPD – along Lincolnton Highway
- Brand New 2024 Construction – latest prototype and design
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
9,882 SF
Building Class
C
Year Built
2024
Price
$2,223,000
Price Per SF
$224.95
Cap Rate
7.25%
NOI
$161,175
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.46 AC
Opportunity Zone
Yes
Zoning
B-3
Parking
40 Spaces (4.05 Spaces per 1,000 SF Leased)
Frontage
89’ on North Carolina 150
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 312590 | Improvements Assessment | $1,096,080 |
| Land Assessment | $79,950 | Total Assessment | $1,176,030 |
PROPERTY TAXES
Parcel Number
312590
Land Assessment
$79,950
Improvements Assessment
$1,096,080
Total Assessment
$1,176,030
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Brand New Dollar Tree | 10-Yr. Lease | 2301 Lincolnton Hwy
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