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2570 NC 8 & 89 Hwy S 10,500 SF Retail Building Walnut Cove, NC 27052 $1,441,078 ($137.25/SF) 8.35% Cap Rate
Investment Highlights
- Family Dollar Tree Combo stores have proven 20% higher sales volume than non co-branded stores
- Dollar Tree boasts an investment-grade credit rating of BBB-
- Dollar Tree acquired Family Dollar in 2015 and is now considered to be the second-largest discount retailer in the United States with more than 16,000
- Dollar Tree has thrived through the COVID pandemic and witnessed a sharp increase in same-store sales and profitability
Executive Summary
• 2022 Built-to-suit construction for Family Dollar Tree • 10-Year NN+ lease w/ limited landlord responsibilities • Five, 5-Year Options with rent increases of $5,250 ($.50 PSF) • Extremely strong corporately guaranteed lease • Located ±25 miles north of Winston-Salem, NC.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
B
Year Built
2022
Price
$1,441,078
Price Per SF
$137.25
Cap Rate
8.35%
NOI
$120,330
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.72 AC
Zoning
H-B - Highway business
Parking
52 Spaces (4.95 Spaces per 1,000 SF Leased)
Frontage
145’ on North Carolina 8
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 695501157329 | Improvements Assessment | $922,800 |
| Land Assessment | $74,800 | Total Assessment | $997,600 |
Property Taxes
Parcel Number
695501157329
Land Assessment
$74,800
Improvements Assessment
$922,800
Total Assessment
$997,600
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2570 NC 8 & 89 Hwy S
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