Discount
Family Dollar
104 S Main St, Winton, NC 27986
Listing Price: $1,055,000
Cap Rate
7.00%
Tenant Name
Family Dollar
Years Remaining On Lease
9.4
Gross SF
8,000
Guarantor
Corporate Guarantee
Rentable SF
8,000
Price/Gross SF
$131.88
Lease Type
Double Net
Rent Per Square Feet
$9.23
Investment Overview
Marcus & Millichap is pleased to present for sale a Family Dollar located in Winton, North Carolina.
Family Dollar
Investment Highlights
- New Long Term Lease Extension | 10-Year Extension | Lease Expiration Jan 31, 2033
- Long Term Commitment to Location | Tenant Investment and Store Upgrades Planned for 2023
- Established Successful Location Since 2008 | Multiple Renewals Executed
- Double Net (NN) Lease with Minimal Landlord Responsibilities | Low Rent ($9.23/SF)
- Tenant is Responsible for Landscaping, Parking Lot Restriping, CAM, Taxes, and Insurance
- Top Ranking Location in North Carolina | 83th Percentile for Customer Foot Traffic (Placer.ai)
- Limited Competition Nearby | No Dollar General within 7-Miles
- Corporate Guaranteed Family Dollar Lease | BBB Credit Rating (S&P)
Listing Price: $1,055,000
Cap Rate
7.00%
Tenant Name
Family Dollar
Years Remaining On Lease
9.4
Gross SF
8,000
Guarantor
Corporate Guarantee
Rentable SF
8,000
Price/Gross SF
$131.88
Lease Type
Double Net
Rent Per Square Feet
$9.23
Investment Highlights
- New Long Term Lease Extension | 10-Year Extension | Lease Expiration Jan 31, 2033
- Long Term Commitment to Location | Tenant Investment and Store Upgrades Planned for 2023
- Established Successful Location Since 2008 | Multiple Renewals Executed
- Double Net (NN) Lease with Minimal Landlord Responsibilities | Low Rent ($9.23/SF)
- Tenant is Responsible for Landscaping, Parking Lot Restriping, CAM, Taxes, and Insurance
- Top Ranking Location in North Carolina | 83th Percentile for Customer Foot Traffic (Placer.ai)
- Limited Competition Nearby | No Dollar General within 7-Miles
- Corporate Guaranteed Family Dollar Lease | BBB Credit Rating (S&P)
Investment Overview
Marcus & Millichap is pleased to present for sale a Family Dollar located in Winton, North Carolina.
