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Family Dollar 1307 S King St

8,000 SF Retail Building Windsor, NC 27983 £913,085 (£114/SF) 7.75% Net Initial Yield

Investment Highlights

  • LARGE 1.64+/- ACRE CORNER LOT
  • DIRECTLY ADJACENT TO ECU HEALTH HOSPITAL
  • TENANT EXERCISED 1ST RENEWAL OPTION WITH 10% INCREASE
  • CORPORATE LEASE GUARANTEED BY FAMILY DOLLAR STORES, INC.

Executive Summary

Dollar Tree, Inc., ranked 137 on the Fortune 500 list, is a leading operator of discount variety stores that have served North America for more than 63 years. Operating under the brands Dollar Tree and Family Dollar, we are headquartered in Chesapeake, Virginia and operate more than 16,000 stores across the 48 contiguous states and five Canadian provinces, supported by a coast-to-coast logistics network and more than 200,000 associates. We are more focused than ever on providing customers and their communities with convenience and extreme values. We are also committed to serving the best interests of our stakeholders and are enhancing shareholder value through exceptional performance, responsible business practices, and effective communication.
www.dollartree.com
When it comes to delivering value on family essentials in a convenient neighborhood location, Family Dollar is THE onestop shop! As one of the nation’s fastest-growing retailers, we offer a compelling assortment of merchandise for the whole family. Families will find household cleaners, food, health and beauty aids, toys, apparel, home fashions, and more—all for everyday low prices. Many of our items are $1 or less, and most items in the store are priced below $10. We make shopping fun while keeping our shoppers’ budgets top of mind. As shoppers enter their neighborhood Family Dollar, they will discover great values on the name brands they trust in a clean, well-organized store staffed with friendly associates. Our relatively small footprint allows us to open new stores in rural areas, small towns, and large urban neighborhoods, meeting our shoppers right where they are.
www.familydollar.com

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
B
Year Built
2013
Price
£913,085
Price Per SF
£114
Net Initial Yield
7.75%
NOI
£70,764
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Lot Size
1.64 AC
Zoning
C - Commercial zone
Frontage
242 ft on South King Street

Amenities

  • Wheelchair Accessible
  • Listing ID: 33536802

  • Date on Market: 16/10/2024

  • Last Updated:

  • Address: 1307 S King St, Windsor, NC 27983

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