Dollar Tree / Family Dollar | 505 Dr Donnie H Jones Jr W Blvd
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Dollar Tree / Family Dollar 505 Dr Donnie H Jones Jr W Blvd
10,532 SF Retail Building Princeton, NC 27569 $2,292,679 CAD ($217.69 CAD/SF) 7.75% Cap Rate
INVESTMENT HIGHLIGHTS
- The property was built in 2023 with the newest prototype for the tenant
- Family Dollar Dollar Tree is a corporately backed tenant by Dollar Tree, Inc., a Fortune 200 company with annual revenues exceeding $30 billion
- Princeton is located within close proximity to Raleigh and other fast-growing areas of North Carolina
- Newly signed long-term lease with multiple renewal options
- Limited landlord responsibilities due to a net lease structure. The tenant is responsible for property maintenance, insurance, and taxes
- The Princeton, NC demographics are perfectly suited for the Family Dollar Dollar Tree concept
EXECUTIVE SUMMARY
CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this Family Dollar Dollar Tree located in Princeton, NC. The
property is a corporately backed tenant of Dollar Tree, Inc., a Fortune 200 company with annual revenues exceeding $30 billion, ensuring financial stability and reliable rental income. It benefits from a newly signed long-term lease with multiple renewal options, providing consistent and predictable income over time. As a passive investment opportunity, the net lease structure limits landlord responsibilities, with the tenant responsible for property maintenance, insurance, and taxes, minimizing expenses for the owner.
property is a corporately backed tenant of Dollar Tree, Inc., a Fortune 200 company with annual revenues exceeding $30 billion, ensuring financial stability and reliable rental income. It benefits from a newly signed long-term lease with multiple renewal options, providing consistent and predictable income over time. As a passive investment opportunity, the net lease structure limits landlord responsibilities, with the tenant responsible for property maintenance, insurance, and taxes, minimizing expenses for the owner.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,532 SF
Building Class
B
Year Built
2023
Price
$2,292,679 CAD
Price Per SF
$217.69 CAD
Cap Rate
7.75%
NOI
$177,683 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.65 AC
Zoning
C - Commercial
Parking
36 Spaces (3.42 Spaces per 1,000 SF Leased)
Frontage
244’ on Loganshire Way
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Family Dollar
- Retailer
- 10,532 SF
- -
- Double Net
- Aug 2033
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Family Dollar | Retailer | 10,532 SF | - | Double Net | Aug 2033 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04P10097C | Improvements Assessment | $1,409,312 CAD |
| Land Assessment | $177,003 CAD | Total Assessment | $1,586,315 CAD |
PROPERTY TAXES
Parcel Number
04P10097C
Land Assessment
$177,003 CAD
Improvements Assessment
$1,409,312 CAD
Total Assessment
$1,586,315 CAD
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Dollar Tree / Family Dollar | 505 Dr Donnie H Jones Jr W Blvd
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