Family Dollar | 224 E Kornegay St
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Family Dollar 224 E Kornegay St
8,320 SF Retail Building Dover, NC 28526 $1,065,000 ($128/SF) 8.02% Cap Rate
Executive Summary
For Sale | Family Dollar Store with Tenant in Place
Recently Built in 2018
Corporate Guarantee
Publicly Traded Company
4.5 Years Remaining on Lease Term
7.5% Rent Increase on First Option | 5% Rent Increase on Each Option Thereafter
Recently Built in 2018
Corporate Guarantee
Publicly Traded Company
4.5 Years Remaining on Lease Term
7.5% Rent Increase on First Option | 5% Rent Increase on Each Option Thereafter
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,320 SF
Building Class
B
Year Built
2018
Price
$1,065,000
Price Per SF
$128
Cap Rate
8.02%
NOI
$85,398
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.58 AC
Zoning
Commercial - Retail Shops
Parking
30 Spaces (3.6 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 3-D-06-048 | Improvements Assessment | $675,700 |
| Land Assessment | $33,000 | Total Assessment | $708,700 |
PROPERTY TAXES
Parcel Number
3-D-06-048
Land Assessment
$33,000
Improvements Assessment
$675,700
Total Assessment
$708,700
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Family Dollar | 224 E Kornegay St
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