Family Dollar Rutherfordton NC

Highlights:

• Prime Location - Strategically located along US-64/74A Highway, a major thoroughfare in Rutherfordton, ensuring high visibility and accessibility. Positioned within a thriving area that serves residents, surrounding rural communities, and tourist visiting nearby attractions, Lake Lure and Chimney Rock..
• Demographics - Surrounded by a stable population with a balanced mix of working professionals, families, and retirees. The location benefits from Rutherford County's growing population and economic diversification.
• Traffic and Accessibility - High traffic counts on US-64/74A, a key connector route for commuters and visitors traveling through Rutherford County.
• Proximity to Local Attractions - Close to popular destinations like Lake Lure, Chimney Rock State Park, and the historic downtown Rutherfordton area. Draws additional customer base from year-round tourists and outdoor enthusiasts.
• Investment Stability - Long-term net lease structure provides consistent and predictable income for investors. Low maintenance responsibilities due to the nature of the lease agreement.
• Strong Retail Market Dynamics - Limited competition in the immediate area ensures steady demand for Family Dollar’s value-oriented products. Positioned to serve a loyal customer base seeking essential goods and affordability.

Description:

Marcus & Millichap is pleased to present a compelling investment opportunity: a Built-to-Suit Family Dollar located in Rutherfordton, North Carolina, within the Greenhill community. Constructed in 2018, this property boasts approximately 4.5 years remaining on its initial 11- year lease term. The lease also includes six (6) five-year renewal options, each featuring a 5% rent increase. Notably, these renewal options are automatically exercised unless written notice is provided at least 180 days prior to expiration.
The property features an 8,320-square-foot building situated on a 1.58-acre parcel along US Highway 64/74A. ( 5,300 AADT ) This scenic
highway serves as a vital corridor, connecting Rutherfordton to popular tourist destinations such as Lake Lure and Chimney Rock before culminating in Asheville. Positioned just 7 miles east of Lake Lure and 5 miles west of Rutherfordton, this strategic location attracts a significant share of the 300,000 annual visitors to Lake Lure, further enhancing its appeal as a prime retail asset.
Green Hill, North Carolina, is a picturesque unincorporated community located in Rutherford County. The retail landscape in Green Hill primarily caters to the daily needs of its residents and surrounding rural communities. While the area lacks large-scale retail centers, this creates an opportunity for value-driven retailers like Family Dollar to thrive by meeting the demand for essential goods and services. Limited competition and a loyal customer base position Green Hill as a favorable market for Family Dollar.

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