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Family Dollar

6501 Ward Blvd, Wilson, NC 27893

Listing Price: $1,317,600

Cap Rate
8.00%
Tenant Name
Family Dollar Stores of North Carolina, Inc.
Years Remaining On Lease
0.6
Gross SF
8,320
Guarantor
Corporate Guarantee
Rentable SF
8,320
Price/Gross SF
$158.37
Lease Type
Double Net
Rent Per Square Feet
$12.67

Investment Overview

As one of the nation’s fastest growing retailers, Family Dollar offers a compelling assortment of merchandise for the whole family, ranging from household cleaners to name brand foods, from health and beauty aids to toys, from apparel for every age to home fashions, all for everyday low prices. While shoppers can find many items at $1 or less, most items in the store are priced below $10, which makes shopping fun without stretching the family budget. Wilson is a city in and the county seat of North Carolina’s Wilson County. The city’s estimated population sits at over 49,000, while the population of the larger Rocky Mount-Wilson, Roanoke Rapids CSA (of which Wilson is an anchor city) sits at over 297,700. Located approximately 40 miles east of the state capital city of Raleigh, Wilson is served by the interchange of Interstate 95 and U.S. Route 264. Wilson enjoys a diverse economy based on agriculture, manufacturing, commercial, and service businesses.

Investment Highlights

  • Corporate Lease with S&P "BBB" Rated Tenant
  • 10 Percent Increases in Each Option Period
  • Low Rent Factor at $12.66 per Square Foot - Below Current Market Rent of $13.70 per Square Foot
  • Year Over Year Market Rent Growth of 6.5 Percent
  • 49,538 Residents and 63,301 Daytime Employees Within a Five-Mile Radius
  • Direct Access from Ward Boulevard/US-301 (Over 17,000 Cars per Day)
  • Five Minutes from Downtown Wilson, Wilson Community College (1,850 Students), and Barton College (1,200 Students)
  • One Hour East of Raleigh and Raleigh-Durham International Airport

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Discount

Family Dollar

Listing Price: $1,317,600

Cap Rate
8.00%
Tenant Name
Family Dollar Stores of North Carolina, Inc.
Years Remaining On Lease
0.6
Gross SF
8,320
Guarantor
Corporate Guarantee
Rentable SF
8,320
Price/Gross SF
$158.37
Lease Type
Double Net
Rent Per Square Feet
$12.67

Investment Highlights

  • Corporate Lease with S&P "BBB" Rated Tenant
  • 10 Percent Increases in Each Option Period
  • Low Rent Factor at $12.66 per Square Foot - Below Current Market Rent of $13.70 per Square Foot
  • Year Over Year Market Rent Growth of 6.5 Percent
  • 49,538 Residents and 63,301 Daytime Employees Within a Five-Mile Radius
  • Direct Access from Ward Boulevard/US-301 (Over 17,000 Cars per Day)
  • Five Minutes from Downtown Wilson, Wilson Community College (1,850 Students), and Barton College (1,200 Students)
  • One Hour East of Raleigh and Raleigh-Durham International Airport

Investment Overview

As one of the nation’s fastest growing retailers, Family Dollar offers a compelling assortment of merchandise for the whole family, ranging from household cleaners to name brand foods, from health and beauty aids to toys, from apparel for every age to home fashions, all for everyday low prices. While shoppers can find many items at $1 or less, most items in the store are priced below $10, which makes shopping fun without stretching the family budget. Wilson is a city in and the county seat of North Carolina’s Wilson County. The city’s estimated population sits at over 49,000, while the population of the larger Rocky Mount-Wilson, Roanoke Rapids CSA (of which Wilson is an anchor city) sits at over 297,700. Located approximately 40 miles east of the state capital city of Raleigh, Wilson is served by the interchange of Interstate 95 and U.S. Route 264. Wilson enjoys a diverse economy based on agriculture, manufacturing, commercial, and service businesses.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

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