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Discount

Family Dollar - Recent Lease Extension | 5.45% Rent to Sales Ratio

410 W Church St, Atkinson, NC 28421

Listing Price: $1,285,000

Cap Rate
6.40%
Tenant Name
Family Dollar
Years Remaining On Lease
5.1
Guarantor
Corporate Guarantee
Rentable SF
8,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.28

Investment Overview

--Located on Main Thoroughfare through Town with a Traffic Counts Exceeding 3,900 Cars Per Day-- --Considered an Essential Business – Guarantor Committed to Keeping all 15,300+ Stores Open-- --The Lease Features 10% Increases at Each Option Period, Providing for an Excellent Hedge Against Inflation-- --Corporate Guaranteed Lease from Family Dollar Stores, Inc.-- --Located in the Raleigh-Durham-Cary MSA Which Has a Total Population of Over 2,000,000 Residents-- --The Subject Property is Located Just 30 Minutes from Wilmington, NC-- --Family Dollar Recently Exercised Their Option Showing Great Commitment to the Site | Excellent Operating History of Nearly 15 Years-- --Limited Local Retail Competition – Family Dollar Serves as Primary Source of Goods for Local Residents | Nearest Grocery Store: ±15 Miles (Burgaw, NC) | Nearest Dollar Store: ±12 Miles (Currie, NC)-- --Successful Location with Increasing Sales and a Rent to Sales Ratio of 5.45% - Please Contact Agents for More Details-- --NNN Lease with Minimal Landlord Responsibilities – Ideal for Investors not Local to the Market--

Investment Highlights

  • Family Dollar Recently Exercised Their Option Showing Great Commitment to the Site | Excellent Operating History of Nearly 15 Years
  • Limited Local Retail Competition – Family Dollar Serves as Primary Source of Goods for Local Residents | Nearest Grocery Store: ±15 Miles (Burgaw, NC) | Nearest Dollar Store: ±12 Miles (Currie, NC)
  • Successful Location with Increasing Sales and a Rent to Sales Ratio of 5.45% - Please Contact Agents for More Details
  • NNN Lease with Minimal Landlord Responsibilities – Ideal for Investors not Local to the Market

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Discount

Family Dollar - Recent Lease Extension | 5.45% Rent to Sales Ratio

Listing Price: $1,285,000

Cap Rate
6.40%
Tenant Name
Family Dollar
Years Remaining On Lease
5.1
Guarantor
Corporate Guarantee
Rentable SF
8,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.28

Investment Highlights

  • Family Dollar Recently Exercised Their Option Showing Great Commitment to the Site | Excellent Operating History of Nearly 15 Years
  • Limited Local Retail Competition – Family Dollar Serves as Primary Source of Goods for Local Residents | Nearest Grocery Store: ±15 Miles (Burgaw, NC) | Nearest Dollar Store: ±12 Miles (Currie, NC)
  • Successful Location with Increasing Sales and a Rent to Sales Ratio of 5.45% - Please Contact Agents for More Details
  • NNN Lease with Minimal Landlord Responsibilities – Ideal for Investors not Local to the Market

Investment Overview

--Located on Main Thoroughfare through Town with a Traffic Counts Exceeding 3,900 Cars Per Day-- --Considered an Essential Business – Guarantor Committed to Keeping all 15,300+ Stores Open-- --The Lease Features 10% Increases at Each Option Period, Providing for an Excellent Hedge Against Inflation-- --Corporate Guaranteed Lease from Family Dollar Stores, Inc.-- --Located in the Raleigh-Durham-Cary MSA Which Has a Total Population of Over 2,000,000 Residents-- --The Subject Property is Located Just 30 Minutes from Wilmington, NC-- --Family Dollar Recently Exercised Their Option Showing Great Commitment to the Site | Excellent Operating History of Nearly 15 Years-- --Limited Local Retail Competition – Family Dollar Serves as Primary Source of Goods for Local Residents | Nearest Grocery Store: ±15 Miles (Burgaw, NC) | Nearest Dollar Store: ±12 Miles (Currie, NC)-- --Successful Location with Increasing Sales and a Rent to Sales Ratio of 5.45% - Please Contact Agents for More Details-- --NNN Lease with Minimal Landlord Responsibilities – Ideal for Investors not Local to the Market--

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

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