Roanoke Rapids NC Family Dollar | FOR SALE
$982,140
30 US Highway 158, Roanoke Rapids, NC 27870
For Sale
Retail
Active
Last Updated: 05/18/2023
7
Cap Rate
9,223 sqft
Building Size
Details:
Cap Rate: 7%
Building Size: 9,223 sqft
Lot Area: 0.86 acres
Lease Type: Double Net
Year Built: 2006
Highlights:
- Newly remodeled store & recent option extension
- 10% rental increases each 5-year period
- Popular Family Dollar state- fourth most popular state for Family Dollar locations
- Located in well-trafficked corridor - Over 17,194 ADT at intersection
- Corporate guaranty from investment grade tenant
- Proximity to buzzing retail area & top performing Walmart
- Excellent curb visibility (186 feet)
Description:
Atlantic Capital Partners has been engaged to offer a free standing Family Dollar in Roanoke Rapids, NC. This Family Dollar is corporately guaranteed by Dollar Tree, Inc, a Fortune 200 company with a S&P rating of BBB. The subject property features a long term lease, with Six (6) 5-year renewal options. Family Dollar recently completed a remodel and automatically exercised a five year option with a rental increase.
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Location
Gallery
