Family Dollar | 1054 Nc Highway 86 N
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Family Dollar 1054 Nc Highway 86 N
8,320 SF Retail Building Yanceyville, NC 27379 $1,367,859 CAD ($164 CAD/SF) 11% Cap Rate
Investment Highlights
- Best-in-Class Tenant with Corporate Guaranty
- Relocation Store with Build-to-Suit Construction
- Net Lease | Low Rent PSF | Strong Store Operating History
- Signalized Hard Corner with Great Access and Visibility in Centralized Location
Executive Summary
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the Family Dollar asset located in Yanceyville, NC (the “Property”). Located on the corner of Highway 86 and Firetower Rd, the Property consists of an 8,320-square-foot freestanding retail building on 1.25-acres of land. The Property was built-to-suit for Family Dollar as a relocation store in 2014. Family Dollar has operated at this location for 10+ years, and has recently extended for an additional 1-year term.
Family Dollar is one of the nation’s largest chains of dollar stores and has been in operation for over 65 years. Family Dollar operates more than 8,000 locations and employs more than 77,400+ associates in 46 states across the United States. In July 2015, Dollar Tree, Inc. completed its acquisition of Family Dollar Stores, Inc., making it the largest discount retailer by store count in North America and creating an estimated $300 million annual benefit. As of 1/31/2024, parent company Dollar Tree, Inc. reported $30.6 billion in total revenues and currently holds an investment grade S&P credit rating of BBB/Stable.
Family Dollar is one of the nation’s largest chains of dollar stores and has been in operation for over 65 years. Family Dollar operates more than 8,000 locations and employs more than 77,400+ associates in 46 states across the United States. In July 2015, Dollar Tree, Inc. completed its acquisition of Family Dollar Stores, Inc., making it the largest discount retailer by store count in North America and creating an estimated $300 million annual benefit. As of 1/31/2024, parent company Dollar Tree, Inc. reported $30.6 billion in total revenues and currently holds an investment grade S&P credit rating of BBB/Stable.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
C
Year Built
2014
Price
$1,367,859 CAD
Price Per SF
$164 CAD
Cap Rate
11%
NOI
$150,464 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.25 AC
Zoning
C - Commercial
Parking
42 Spaces (5.05 Spaces per 1,000 SF Leased)
Amenities
- Signage
PROPERTY TAXES
Parcel Number | 0068.00.00.0091.0000 | Improvements Assessment | $455,321 CAD |
Land Assessment | $327,552 CAD | Total Assessment | $782,873 CAD |
PROPERTY TAXES
Parcel Number
0068.00.00.0091.0000
Land Assessment
$327,552 CAD
Improvements Assessment
$455,321 CAD
Total Assessment
$782,873 CAD
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Family Dollar | 1054 Nc Highway 86 N
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