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Family Dollar 320 N Main St 9,180 SF Retail Building Candor, NC 27229 $978,500 ($106.59/SF) 7.75% Cap Rate

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Executive Summary

Rare 15.74% Rent Increase at next Option (January, 2027). Annual NN+ Income $75,835 with 7.75 Cap. There are (4) 5-Year Options on this proven producer. This is a larger format built to suit store with 9,180 sq. ft. and it has been upgraded by Family Dollar twice since it was built, showing the tenant's commitment to this site. It is an H2 format which provides a better customer offering than standard Family Dollar stores.
Candor is a growing community with a stable employed demographic. Serveral industries provide work with an average income of $56,181, and it is the long -time host of the North Carolina Peach Festival which draws crowds of over 8,000 visitors annually.
The Landlord has maintained the properlty with roof improvements in 2022 and parking lot sealing and stripping in 2024.
This property is being sold by the principal, but commissions for buyer-side brokers will be negotiated.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,180 SF
Building Class
B
Year Built
2005
Price
$978,500
Price Per SF
$106.59
Cap Rate
7.75%
NOI
$75,834
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.81 AC
Zoning
Commercial - Commercial

Amenities

  • Pylon Sign
  • Tenant Controlled HVAC
  • Storage Space
  • Air Conditioning

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer - $9.99 Lorem Ipsum Jan 0000

Property Taxes

Property Taxes

Parcel Number
7576-16-74-6644
Land Assessment
$65,772
Improvements Assessment
$621,515
Total Assessment
$687,287
  • Listing ID: 35923170

  • Date on Market: 5/20/2025

  • Last Updated:

  • Address: 320 N Main St, Candor, NC 27229

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