805 N Center St
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805 N Center St
33,860 SF 59% Leased Retail Building Statesville, NC 28677 £2,209,200 (£65/SF) 8.25% Net Initial Yield
Investment Highlights
- STATESVILLE, NC DOLLAR TREE CENTER
Executive Summary
Dollar Tree-anchored shopping center located in Statesville, NC on busy 14,000 VPD road. Minutes to I-40 and 40 miles to Charlotte, NC. This center provides stable income with significant upside potential. 8.25% Cap Rate on actuals with ±37% upside in further stabilization. Many recent capital improvements (over $200,000 in 2024 alone) include recent roof repairs/replacement, facade and parking reseal/restripe. Dollar Tree lease through 8/30/2026. Minimal nearby competition make this a great balance between stable in-place NOI and value add.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
33,860 SF
Building Class
C
Year Built/Renovated
1962/1980
Price
£2,209,200
Price Per SF
£65
Net Initial Yield
8.25%
NOI
£182,259
Percent Leased
59%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.24
Land Acres
3.30 AC
Zoning
B2
Parking
177 Spaces (5.23 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 805
- 5,500 SF
- Retail
- -
- Now
- 825
- 2,699 SF
- Retail
- -
- Now
- 843
- 4,916 SF
- Retail
- -
- Now
- 865
- 620 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 805 | 5,500 SF | Retail | - | Now |
| 825 | 2,699 SF | Retail | - | Now |
| 843 | 4,916 SF | Retail | - | Now |
| 865 | 620 SF | Retail | - | Now |
805
| Size |
| 5,500 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
825
| Size |
| 2,699 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
843
| Size |
| 4,916 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
865
| Size |
| 620 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
PROPERTY TAXES
| Parcel Number | 4735-60-2492.000 | Improvements Assessment | £1,196,525 |
| Land Assessment | £632,743 | Total Assessment | £1,829,268 |
PROPERTY TAXES
Parcel Number
4735-60-2492.000
Land Assessment
£632,743
Improvements Assessment
£1,196,525
Total Assessment
£1,829,268
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Power Broker Nick Gonzalez, CCIM -
Dom Maggio -
Katie Hayes -
Linville Team Partners
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805 N Center St
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