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Dollar Tree Net Lease Investment Opportunity 1310 S Main St

10,500 SF Retail Building Graham, NC 27253 £1,620,454 (£154/SF) 6.90% Net Initial Yield

Investment Highlights

  • Ten year NN+ lease with 4 five year options and limited landlord responsibilities
  • Superior location with traffic counts of over 16,500 VPD and a five-mile population of almost 17,000
  • Dollar Tree has proven success and is a strong corporate guarantor at a strong 6.9% cap rate
  • New construction Dollar Tree opened in June 2024
  • Strategic location in Burlington, NC MSA close to Interstate 40/85 and midway between Greensboro and Raleigh/Durham
  • Bull Realty North Carolina License #: C17910

Executive Summary

This new construction Dollar Tree, which opened in June 2024, is located in Graham, NC, the county seat of Alamance County, part of the Burlington, NC MSA. The ± 10,500 SF building is on South Main Street with traffic counts of 16,500+ VPD. The 10-year NN+ lease has minimal landlord responsibilities and features four 5-year renewal options with rent increases in each option period.
The Tenant fully reimburses the Landlord for property taxes and property insurance and is responsible for the interior, all utilities, HVAC maintenance and routine maintenance of the parking lot and landscaping, including snow removal. Landlord responsibilities are limited to roof, structure, fire sprinkler system, capital expenses for parking lot, and landscaping.
Graham is located just over a mile south of Interstate 40/85 and is nearly midway between Greensboro and Raleigh/Durham, NC – about 30 minutes to each location. This densely populated area has a population of over 16,800+ within 5 miles with an average household income of $76,704. Graham has a robust retail trade area which includes Dollar General, Food Lion, O’Reilly Auto Parts, Sheetz, Wendy’s, Arby’s Bojangles’, and Popeye’s. Nearby, in the Burlington MSA, are prestigious Elon University and the worldwide headquarters of LabCorp.
Dollar Tree, based in Chesapeake, VA operates over 16,300 retail stores under the Dollar Tree, Family Dollar, and Family Dollar/Dollar Tree brands in 48 states and Canada.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income £111,816 £10.65

Financial Summary (Actual - 2023)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual £111,816
Annual Per SF £10.65

Property Facts

Sale Type
Investment
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,500 SF
Year Built
2024
Price
£1,620,454
Price Per SF
£154
Net Initial Yield
6.90%
NOI
£111,816
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Lot Size
1.36 AC
Zoning
Commercial
Parking
40 Spaces (3.81 Spaces per 1,000 SF Leased)
Frontage
176 ft on South Main St.

Amenities

  • Pylon Sign

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Dollar Tree
  • Retailer
  • 10,500 SF
  • -
  • Double Net
  • Dec 2033
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Dollar Tree Retailer 10,500 SF - Double Net Dec 2033

Nearby Major Retailers

First Horizon Bank
Food Lion
  • Listing ID: 29217197

  • Date on Market: 08/08/2023

  • Last Updated:

  • Address: 1310 S Main St, Graham, NC 27253

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