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320 N Main St 9,180 SF Retail Building Candor, NC 27229 $978,500 ($106.59/SF) 7.75% Cap Rate
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.
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
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 began in 1959 as a discount variety store chain and grew from a neighborhood retail concept into a nationwide business serving everyday shopping needs. The company focuses on affordable family essentials and carries food and beverages, paper products, health and beauty supplies, pet food, home products, apparel and accessories, seasonal goods, and electronics. Family Dollar supports convenient value shopping through national brands, private-label items, and digital savings tools across the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 7576-16-74-6644 | Improvements Assessment | $621,515 |
| Land Assessment | $65,772 | Total Assessment | $687,287 |
Property Taxes
Parcel Number
7576-16-74-6644
Land Assessment
$65,772
Improvements Assessment
$621,515
Total Assessment
$687,287
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The Syndicate, LLC
320 N Main St
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