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9060 Hillsville Rd

10,500 SF Retail Building Trinity, NC 27370 $1,835,400 ($175/SF) 7.50% Cap Rate

Investment Highlights

  • 2024 Built-to-Suit construction for Family Dollar
  • 5 Mile populations of 26,287 residents.
  • Dollar Tree boasts an investment-grade credit rating of BBB-
  • 10 Year NNN lease with limited landlord responsibilities
  • Dollar Tree has thrived through the COVID pandemic and witnessed a sharp increase in same-store sales and profitability
  • Dollar Tree acquired Family Dollar in 2015 and is now considered to be the second- largest discount retailer in the United States

Executive Summary

10 mile population of 154,007 residents. The subject property comes with a 20 year transferable roof warranty. Five, 5-Year Options with rent increases of $5,250. Extremely strong corporately guaranteed lease. Located 20 Miles South of Greensboro.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
10,500 SF
Building Class
B
Year Built
2024
Price
$1,835,400
Price Per SF
$175
Cap Rate
7.50%
NOI
$137,655
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Land Acres
4.93 AC
Zoning
Commercial - Commercial
Frontage
446 FT on Hillsville Road

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
7726-12-8995
Land Assessment
$165,600
Improvements Assessment
$182,440
Total Assessment
$348,040
  • Listing ID: 32721360

  • Date on Market: 8/7/2024

  • Last Updated:

  • Address: 9060 Hillsville Rd, Trinity, NC 27370

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