For Sale
$1,720,688

9060 Hillsville RdTrinity, NC 27370

High-yield, 10,500 SF Dollar General/Family Dollar

Overview

Added:
Feb 13
Days on market:
51
This exceptional investment opportunity presents a 10,500-square-foot retail property in Trinity, NC, boasting a strong 8.00% cap rate. The property is situated on a 1.81-acre lot and features a brand-new, 2024 built-to-suit construction for Family Dollar, a subsidiary of Dollar Tree, a major discount retailer with an investment-grade credit rating. The property benefits from a 10-year Net Net Net (NNN) lease with limited landlord responsibilities, commencing July 31, 2024, and expiring August 30, 2034. The lease includes five, five-year options with rent increases of $5,250 (or $0.50 per square foot). The tenant, Family Dollar, is backed by a corporate guarantee, ensuring financial stability. The property enjoys 100% occupancy and a strong Net Operating Income (NOI) of $137,655. The location is strategically positioned within a thriving market, serving a population of approximately 26,287 residents within a five-mile radius and approximately 154,007 residents within a ten-mile radius. This presents a compelling investment opportunity with significant long-term potential. The property is located at 9060 Hillsville Rd, Trinity, NC 27370.

Highlights

  • $1,720,688 asking price for a 10,500 SF retail property.
  • Net lease investment with a credit-rated, corporate guaranteed tenant (Dollar General, Dollar Tree, Family Dollar).
  • 10-year lease commencing July 31, 2024, with 9.5 years remaining and five 5-year options.
  • 8.00% cap rate and $137,655 annual NOI.
  • New 2024 construction on a 1.81-acre lot in Trinity, NC, approximately 20 miles south of Greensboro.

Property Details for 9060 Hillsville Rd

Property type
Retail properties, Drug stores
Square Feet
10,500 SF
Year Built
2024
Lot Size (sq. ft)
78,844 SF

Location Insight

City
Trinity
County
Randolph
State
North Carolina
Latitude
35.843670920868
Longitude
-79.938469349529
9060 Hillsville Rd, Trinity, North Carolina

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9060 Hillsville Rd
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