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2570 NC 8 & 89 Hwy S

10,000 SF Retail Building Walnut Cove, NC 27052 £1,178,181 (£118/SF) 8% Net Initial Yield

Investment Highlights

  • Family Dollar Tree Combo stores have proven 20% higher sales volume than non co-branded stores
  • Dollar Tree boasts an investment-grade credit rating of BBB-
  • Dollar Tree acquired Family Dollar in 2015 and is now considered to be the second-largest discount retailer in the United States with more than 16,000
  • Dollar Tree has thrived through the COVID pandemic and witnessed a sharp increase in same-store sales and profitability

Executive Summary

• 2022 Built-to-suit construction for Family Dollar Tree • 10-Year NN+ lease w/ limited landlord responsibilities • Five, 5-Year Options with rent increases of $5,250 ($.50 PSF) • Extremely strong corporately guaranteed lease • Located ±25 miles north of Winston-Salem, NC.

Attachments

Family-Dollar-Tree-Walnut-Cove-NC

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,000 SF
Building Class
B
Year Built
2022
Price
£1,178,181
Price Per SF
£118
Net Initial Yield
8%
NOI
£94,254
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Lot Size
1.72 AC
Zoning
H-B - Highway business
Parking
52 Spaces (4.95 Spaces per 1,000 SF Leased)
Frontage
145 ft on North Carolina 8

Amenities

  • Air Conditioning
1 of 1

PROPERTY TAXES

Parcel Number 695501157329 Improvements Assessment £550,895
Land Assessment £43,943 Total Assessment £594,838

PROPERTY TAXES

Parcel Number
695501157329
Land Assessment
£43,943
Improvements Assessment
£550,895
Total Assessment
£594,838
(214) 692-2927

Contact

  • Listing ID: 33510585

  • Date on Market: 14/10/2024

  • Last Updated:

  • Address: 2570 NC 8 & 89 Hwy S, Walnut Cove, NC 27052

The Retail Property at 2570 NC 8 & 89 Hwy S, Walnut Cove, NC 27052 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

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© 2024 CoStar Group

2570 NC 8 & 89 Hwy S
(214) 692-2927 x

2570 NC 8 & 89 Hwy S

Scotty Latimer

(214) 692-2927

(214) 692-2927

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