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Dollar Tree | Family Dollar Combo Store | New 2022 Build

104 Hwy 64 E, Hayesville, NC 28904

Listing Price: $2,035,000

Cap Rate
6.06%
Tenant Name
Family Dollar/Dollar Tree
Years Remaining On Lease
9.8
Gross SF
10,500
Guarantor
Corporate Guarantee
Rentable SF
10,500
Price/Gross SF
$193.81
Lease Type
Double Net
Rent Per Square Feet
$11.75

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the newly built Dollar Tree/Family Dollar dual branded store located in Hayesville, North Carolina. The freestanding retail building was constructed in 2022 and totals 10,500 square-feet, fully leased to Dollar Tree/Family Dollar. The subject property rests on approximately 1.49 acres situated on a hard corner with excellent visibility via Highway 64 E (11,000+ VPD). Dollar Tree is on a long-term, NN lease with +/- 9.8 years of term remaining with rent escalations occurring each option period and features a corporate guarantee. The subject property is primely located adjacent to an Ingles Market and the immediate surrounding area includes other national retailers such as Dollar General, Subway, Huddle House, McDonald’s, Walgreens & more. The area also features strong demographics with the average household income at $65,143 within a 5-mile radius. As the county seat of Clay County, Hayesville combines small-town charm with the beauty of the mountains, lakes, rivers and streams that surround it. Nestled in the Blue Ridge Mountains of southwestern North Carolina, Clay County prospers a thriving tourism trade due to its rugged mountains, trout fishing, and crafts industry. Lake Chatuge and other nearby picturesque locales provide the perfect backdrop for exciting activities of all kinds. The county is ideally located within two hours from Asheville, NC; Greenville, SC; Atlanta, GA and Chattanooga & Knoxville, TN.

Investment Highlights

  • New 2022 Build | Rare New Family Dollar/Dollar Tree Combination Concept Store | 100% Leased to Dollar Tree/Family Dollar | Corporate Guarantee | Single-Tenant NN Lease
  • Five, 5-Year Options to Renew with $0.50/SF Rent Escalations Occurring Each Period | Approx. 9.8 Years of Term Remaining | Minimal Landlord Responsibilities
  • Dollar Tree is a Fortune 500 Tenant with Investment Grade Credit BBB (S&P) | Baa3 (Moody's) | Tenant has Right of First Refusal
  • Located on Highway 64 E (11,000+ VPD) | Adjacent to an Ingles Market | Strong Demographics | Average Household Income is $65,143 within a 5-Mile Radius

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Discount

Dollar Tree | Family Dollar Combo Store | New 2022 Build

Listing Price: $2,035,000

Cap Rate
6.06%
Tenant Name
Family Dollar/Dollar Tree
Years Remaining On Lease
9.8
Gross SF
10,500
Guarantor
Corporate Guarantee
Rentable SF
10,500
Price/Gross SF
$193.81
Lease Type
Double Net
Rent Per Square Feet
$11.75

Investment Highlights

  • New 2022 Build | Rare New Family Dollar/Dollar Tree Combination Concept Store | 100% Leased to Dollar Tree/Family Dollar | Corporate Guarantee | Single-Tenant NN Lease
  • Five, 5-Year Options to Renew with $0.50/SF Rent Escalations Occurring Each Period | Approx. 9.8 Years of Term Remaining | Minimal Landlord Responsibilities
  • Dollar Tree is a Fortune 500 Tenant with Investment Grade Credit BBB (S&P) | Baa3 (Moody's) | Tenant has Right of First Refusal
  • Located on Highway 64 E (11,000+ VPD) | Adjacent to an Ingles Market | Strong Demographics | Average Household Income is $65,143 within a 5-Mile Radius

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the newly built Dollar Tree/Family Dollar dual branded store located in Hayesville, North Carolina. The freestanding retail building was constructed in 2022 and totals 10,500 square-feet, fully leased to Dollar Tree/Family Dollar. The subject property rests on approximately 1.49 acres situated on a hard corner with excellent visibility via Highway 64 E (11,000+ VPD). Dollar Tree is on a long-term, NN lease with +/- 9.8 years of term remaining with rent escalations occurring each option period and features a corporate guarantee. The subject property is primely located adjacent to an Ingles Market and the immediate surrounding area includes other national retailers such as Dollar General, Subway, Huddle House, McDonald’s, Walgreens & more. The area also features strong demographics with the average household income at $65,143 within a 5-mile radius. As the county seat of Clay County, Hayesville combines small-town charm with the beauty of the mountains, lakes, rivers and streams that surround it. Nestled in the Blue Ridge Mountains of southwestern North Carolina, Clay County prospers a thriving tourism trade due to its rugged mountains, trout fishing, and crafts industry. Lake Chatuge and other nearby picturesque locales provide the perfect backdrop for exciting activities of all kinds. The county is ideally located within two hours from Asheville, NC; Greenville, SC; Atlanta, GA and Chattanooga & Knoxville, TN.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

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