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Single-Tenant Vacant-User

Former Family Dollar

1313 Greenfield St, Wilmington, NC 28401

Listing Price: $1,440,000

Cap Rate
9.00%
Years Remaining On Lease
6.7
Guarantor
No Guarantee
Rentable SF
8,240
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.73

Investment Overview

- Corporately Guaranteed Family Dollar (Dark) with approximately 7 years remaining- over $875,000 due in rent before expiration on June 30, 2031
- All-Brick, 8,240 SF Building on over 1.1 acres of land at a signalized intersection with multiple access points
- Absolute NNN Lease
- Dollar Tree, Inc. (NYSE: DLTR) currently operates nearly 25,000 locations between Family Dollar and Dollar Tree- reported sales of approximately $30.6 Billion in 2023 with a net worth of $7.3 Billion
- Currently, there are over 126,000 residents in a 5-mile radius with an AHI over $81,000- nearly 10,000 residents within 1 mile with an estimated growth of over 6% during the next 5 years- nearly 9% growth expected in the 5-mile radius
- Wilmington’s population is currently growing at a rate of nearly 2.0% annually, and its population has increased nearly 8% since 2020- the Wilmington MSA ranked No. 9 in the U.S. Census Bureau’s top 10 U.S. Metro Areas from July 2022 to July 2023 for annual growth percentage with a 2.8% population growth
- Approximately 1.5 miles from Novant Health’s New Hanover Regional Medical Center, an 800-bed Level II Trauma Center
- Approximately 2 miles from one of the main retail corridors of Wilmington- Whole Foods, Dick’s, Dillard’s, Belk, Hobby Lobby and Harris Teeter
- New Hanover County has experienced explosive growth in tourism- visitor spending exceeded the $1 Billion mark in 2022 (setting a new benchmark), which was up about 14% from 2021
- Tourism employment in New Hanover County increased to over 6,600 in 2022, up nearly 9% from 2021

Investment Highlights

  • Corporately Guaranteed Family Dollar (Dark) with approximately 7 years remaining- over $875,000 due in rent before expiration on June 30, 2031
  • All-Brick, 8,240 SF Building on over 1.1 acres of land at a signalized intersection with multiple access points
  • Absolute NNN Lease

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s) NC: 241055

    North Carolina

Financing By

Single-Tenant Vacant-User

Former Family Dollar

Listing Price: $1,440,000

Cap Rate
9.00%
Years Remaining On Lease
6.7
Guarantor
No Guarantee
Rentable SF
8,240
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.73

Investment Highlights

  • Corporately Guaranteed Family Dollar (Dark) with approximately 7 years remaining- over $875,000 due in rent before expiration on June 30, 2031
  • All-Brick, 8,240 SF Building on over 1.1 acres of land at a signalized intersection with multiple access points
  • Absolute NNN Lease

Investment Overview

- Corporately Guaranteed Family Dollar (Dark) with approximately 7 years remaining- over $875,000 due in rent before expiration on June 30, 2031 - All-Brick, 8,240 SF Building on over 1.1 acres of land at a signalized intersection with multiple access points - Absolute NNN Lease - Dollar Tree, Inc. (NYSE: DLTR) currently operates nearly 25,000 locations between Family Dollar and Dollar Tree- reported sales of approximately $30.6 Billion in 2023 with a net worth of $7.3 Billion - Currently, there are over 126,000 residents in a 5-mile radius with an AHI over $81,000- nearly 10,000 residents within 1 mile with an estimated growth of over 6% during the next 5 years- nearly 9% growth expected in the 5-mile radius - Wilmington’s population is currently growing at a rate of nearly 2.0% annually, and its population has increased nearly 8% since 2020- the Wilmington MSA ranked No. 9 in the U.S. Census Bureau’s top 10 U.S. Metro Areas from July 2022 to July 2023 for annual growth percentage with a 2.8% population growth - Approximately 1.5 miles from Novant Health’s New Hanover Regional Medical Center, an 800-bed Level II Trauma Center - Approximately 2 miles from one of the main retail corridors of Wilmington- Whole Foods, Dick’s, Dillard’s, Belk, Hobby Lobby and Harris Teeter - New Hanover County has experienced explosive growth in tourism- visitor spending exceeded the $1 Billion mark in 2022 (setting a new benchmark), which was up about 14% from 2021 - Tourism employment in New Hanover County increased to over 6,600 in 2022, up nearly 9% from 2021

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s): NC: 241055

    North Carolina

Financing By

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