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Discount

Family Dollar

8293 NC-87, Reidsville, NC 27320

Listing Price: $1,136,000

Cap Rate
7.75%
Tenant Name
Family Dollar Stores of North Carolina, Inc.
Years Remaining On Lease
2.0
Gross SF
8,000
Guarantor
Corporate Guarantee
Rentable SF
8,000
Price/Gross SF
$142.00
Lease Type
Double Net
Rent Per Square Feet
$11.00

Investment Overview

Marcus & Millichap is pleased to present for sale Family Dollar in Reidsville, North Carolina. 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. Reidsville is a city in North Carolina’s Rockingham County. Home to over 14,500 residents, the city is part of the Piedmont Triad region of North Carolina. Reidsville is home to a vibrant and revitalized downtown area, outdoor recreation, historic structures, community events, distinctive restaurants, small boutiques, and large national retailers. In 2022, Reidsville announced plans to add an all-inclusive park to its downtown area, the first of its kind in Rockingham County.

Investment Highlights

  • Corporate-Guaranteed Lease with Family Dollar Stores of North Carolina, Inc.
  • 10 Percent Rental Increases in Each Five-Year Option Period
  • 63,516 Residents and 57,082 Daytime Employees Within a 10-Mile Radius
  • Situated within the Piedmont Triad Region, Part of the Greensboro/Winston-Salem MSA
  • Down the Road from Rockingham Community College (Over 1,890 Students)
  • Easily Accessible Location with Excellent Frontage Along NC Highway 87 (Over 11,500 Cars per Day), Providing Direct Access to Downtown Reidsville
  • Adjacent to Rockingham County High School
  • Limited Competition - Subject Property is One of Two Discount/Dollar Stores Located Within a Five-Mile Radius

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: $1,136,000

Cap Rate
7.75%
Tenant Name
Family Dollar Stores of North Carolina, Inc.
Years Remaining On Lease
2.0
Gross SF
8,000
Guarantor
Corporate Guarantee
Rentable SF
8,000
Price/Gross SF
$142.00
Lease Type
Double Net
Rent Per Square Feet
$11.00

Investment Highlights

  • Corporate-Guaranteed Lease with Family Dollar Stores of North Carolina, Inc.
  • 10 Percent Rental Increases in Each Five-Year Option Period
  • 63,516 Residents and 57,082 Daytime Employees Within a 10-Mile Radius
  • Situated within the Piedmont Triad Region, Part of the Greensboro/Winston-Salem MSA
  • Down the Road from Rockingham Community College (Over 1,890 Students)
  • Easily Accessible Location with Excellent Frontage Along NC Highway 87 (Over 11,500 Cars per Day), Providing Direct Access to Downtown Reidsville
  • Adjacent to Rockingham County High School
  • Limited Competition - Subject Property is One of Two Discount/Dollar Stores Located Within a Five-Mile Radius

Investment Overview

Marcus & Millichap is pleased to present for sale Family Dollar in Reidsville, North Carolina. 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. Reidsville is a city in North Carolina’s Rockingham County. Home to over 14,500 residents, the city is part of the Piedmont Triad region of North Carolina. Reidsville is home to a vibrant and revitalized downtown area, outdoor recreation, historic structures, community events, distinctive restaurants, small boutiques, and large national retailers. In 2022, Reidsville announced plans to add an all-inclusive park to its downtown area, the first of its kind in Rockingham County.

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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