2 Baths
9,180 SqFt
2 Baths
9,180 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 9,180 sqft
Price per Sqft $133
MLS Listing ID 10201811
HOA Y/N No
Year Built 2020
Annual Tax Amount $16,663
Lot Size 1.470 Acres
Acres 1.47
Lot Dimensions Parcel Number: 040172 06019
Property Sub-Type Retail
Source Doorify MLS
Land Area 9180
Property Description
Corporate Net Lease (STNL) Family Dollar (Family Dollar Stores, Inc.) in Scotland County, NC.
Ideal bite-sized, turnkey 1031 exchange replacement asset featuring a corporate guarantee, zero landlord operational friction, and stable, predictable cash flow below replacement cost.
Modern 2020-construction 9,180 SF prototype situated on a ±1.47-acre hard corner at NC-79 (Main St) and NC-381 (Hamlet Rd) with combined visibility exceeding 5,400 VPD.
Operating under an institutional NNN lease structure with zero CAM exposure and full tenant reimbursement of real estate taxes and casualty insurance. In-place NOI of $92,500 delivers an immediate 7.52% Cap Rate at an attractive $133.99/SF basis (well below replacement cost).
Primary lease term runs through October 31, 2030, with six (6) 5-year renewal options featuring 5.0% contractual escalations (yielding over 10.0% on cost).
Proven store-level customer loyalty that consistently exceeds annual unit targets despite nearby national co-tenancy. Excellent 1031 exchange replacement asset.
Location
State NC
County Scotland
Area 1.47
Zoning GB
Interior
Heating ENERGY STAR Qualified Equipment
Cooling Central Air, ENERGY STAR Qualified Equipment, Gas, Heat Pump, Multi Units
Fireplace No
Exterior
Garage Spaces 35.0
Roof Type Metal
Total Parking Spaces 35
Garage No
Building
Lot Description Corner Lot
Foundation Slab
Water Public
New Construction No
Others
Tax ID 040172 06019
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Schools and Properties Nearby