Family Dollar | 7.75% Cap | 3196 Old Stage Hwy
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Family Dollar | 7.75% Cap 3196 Old Stage Hwy
9,180 SF Retail Building Riegelwood, NC 28456 $1,716,995 CAD ($187 CAD/SF) 7.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Recent Lease Extension
- Over 15 Years of Continuous Operating History at Location
- Corporate Lease
EXECUTIVE SUMMARY
RECENT LEASE EXTENSION - Strong Corporate Lease
• Family dollar is an investment grade company with a S&P credit rating of BBB
• Dollar Tree (parent company of Family Dollar) is a publicly traded company (NASDAQ: DLTR) with a market capitalization of $29.46B
• Family Dollar has over 8,200 locations
Name Brand Tenant
• Over 16,000 Family Dollar and Dollar Tree locations in 48 different states
• Dollar Tree is ranked #134 on Fortune 500
E-commerce + Recession Resistant Tenant
• Family Dollar same store sales increased by 5.8% from Q4-2022
• Classified as a recession proof essential business
• Merchandising Strategy is focused on discount items
Over 15 Years of Continuous Operating History
• Tenant has occupied premises since the store was built in 2007
• Recently exercised a 5 year extension
• Tenant has shown conviction to location with long operating history
Passive Income
• NN Lease provides new owner with minimal Landlord responsibility
• 10% Rental Increases for reach option, provides next owner hedge against inflation
• Family dollar is an investment grade company with a S&P credit rating of BBB
• Dollar Tree (parent company of Family Dollar) is a publicly traded company (NASDAQ: DLTR) with a market capitalization of $29.46B
• Family Dollar has over 8,200 locations
Name Brand Tenant
• Over 16,000 Family Dollar and Dollar Tree locations in 48 different states
• Dollar Tree is ranked #134 on Fortune 500
E-commerce + Recession Resistant Tenant
• Family Dollar same store sales increased by 5.8% from Q4-2022
• Classified as a recession proof essential business
• Merchandising Strategy is focused on discount items
Over 15 Years of Continuous Operating History
• Tenant has occupied premises since the store was built in 2007
• Recently exercised a 5 year extension
• Tenant has shown conviction to location with long operating history
Passive Income
• NN Lease provides new owner with minimal Landlord responsibility
• 10% Rental Increases for reach option, provides next owner hedge against inflation
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,180 SF
Building Class
C
Year Built
2008
Price
$1,716,995 CAD
Price Per SF
$187 CAD
Cap Rate
7.75%
NOI
$133,020 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.35 AC
Zoning
RA-CD
Parking
40 Spaces (4.36 Spaces per 1,000 SF Leased)
Frontage
93 ft on Old Stage Hwy
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0092307 | Improvements Assessment | $601,599 CAD |
| Land Assessment | $16,490 CAD | Total Assessment | $618,089 CAD |
PROPERTY TAXES
Parcel Number
0092307
Land Assessment
$16,490 CAD
Improvements Assessment
$601,599 CAD
Total Assessment
$618,089 CAD
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Family Dollar | 7.75% Cap | 3196 Old Stage Hwy
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