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 £929,777 (£101/SF) 7.75% Net Initial Yield
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
£929,777
Price Per SF
£101
Net Initial Yield
7.75%
NOI
£72,032
Tenancy
Single
Number of Floors
1
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 | £325,774 |
| Land Assessment | £8,930 | Total Assessment | £334,704 |
PROPERTY TAXES
Parcel Number
0092307
Land Assessment
£8,930
Improvements Assessment
£325,774
Total Assessment
£334,704
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Family Dollar | 7.75% Cap | 3196 Old Stage Hwy
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