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Family Dollar 6288 US Highway 264A W 10,500 SF Retail Building Sims, NC 27880 $1,316,400 ($125.37/SF) 8.75% Cap Rate
Investment Highlights
- 2023 Build To Suit: Brand new construction specifically for Family Dollar, ensuring modern standards and long-term durability.
- Corporate Guarantee: Lease is guaranteed by Family Dollar corporate, offering strong credit and reliability.
- Roof Warranty: Property includes a 20-year roof warranty, reducing landlord capital expenditure risk.
- Long Lease Term: ±7.75 years remaining on an initial 10-year corporately guaranteed lease, providing stable cash flow.
- Rent Growth: Rent increases of $5,250 ($0.50/SF) in each of the five, 5-year renewal options, supporting future income growth.
- Strong Demographics: Average household income of $88,886 annually within a 10-mile radius, supporting retail demand.
Executive Summary
Broker of Record
Kyle Matthews
License # C38369, 288917 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # C38369, 288917 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Building Class
B
Year Built
2023
Price
$1,316,400
Price Per SF
$125.37
Cap Rate
8.75%
NOI
$115,185
Tenancy
Single
Building Height
1 Story
Zoning
R15
Frontage
66’ on US Highway 264a West
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 2783-03-0071.000 | Improvements Assessment | $895,700 |
| Land Assessment | $16,900 | Total Assessment | $912,600 |
Property Taxes
Parcel Number
2783-03-0071.000
Land Assessment
$16,900
Improvements Assessment
$895,700
Total Assessment
$912,600
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Family Dollar | 6288 US Highway 264A W
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