Family Dollar 109-71 Carolina St

9,120 SF Retail Building Maxton, NC 28364 $1,100,000 ($121/SF) 9% Cap Rate

INVESTMENT HIGHLIGHTS

  • Strong commitment to area | Family Dollar exercised the 1st of 5 options in the summer of 2023
  • Investment grade credit | Baa2/BBB
  • Long operating history & leased since 2014
  • Corporate lease | Family Dollar Stores of NC, Inc. | 444 locations across North Carolina
  • Adjacent to Piggly Wiggly | 23,580K SF of retail space
  • Large industrial presence nearby bringing in a large amount of daytime workers to the area | 1.8M SF of space within a 3-mile radius

EXECUTIVE SUMMARY

Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Family Dollar in Maxton, NC. We welcome your review of this attractive investment.

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,120 SF
Year Built
2013
Price
$1,100,000
Price Per SF
$121
Cap Rate
9%
NOI
$99,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.88 AC
Zoning
Commercial - Commercial
Parking
34 Spaces (3.73 Spaces per 1,000 SF Leased)

AMENITIES

  • Air Conditioning

NEARBY MAJOR RETAILERS

Piggly Wiggly
Food Lion
  • Listing ID: 32771977

  • Date on Market: 8/12/2024

  • Last Updated:

  • Address: 109-71 Carolina St, Maxton, NC 28364