For Sale
$1,115,152

13881 Nc-55 Bayboro, NC 28515

High-yield NC convenience store, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar store located at 13881 NC-55, Bayboro, NC 28515. Built in 2014, this 8,320 square foot building sits on a 1.05-acre lot and offers 38 parking spaces. The property boasts a strong 8.25% cap rate with a current NOI of $92,000. The lease, commenced August 1, 2016, has a remaining term of approximately 0.4 years, with five 5-year renewal options, each including a 10% rent increase. The tenant, Family Dollar, is backed by a corporate guarantee, ensuring consistent income. The property is 100% occupied and zoned for commercial use. This prime location in Pamlico County benefits from high visibility and proximity to national retailers such as ExxonMobil, Walmart, McDonald's, and Ace Hardware. The average household income within a 5-mile radius exceeds $70,000 annually. This is a rare opportunity to acquire a well-maintained, high-performing retail property with significant upside potential. The asking price is $1,115,152.

Highlights

  • Net-leased Family Dollar; minimal landlord responsibilities.
  • High traffic count exceeding 9,000 vehicles daily.
  • Average household income over $70,000 within a 5-mile radius.
  • Excellent location near national retailers including ExxonMobil, Walmart, McDonald's, and Ace Hardware.

Property Details for 13881 Nc-55

Property type
Retail properties, Grocery and convenience stores
Square Feet
8,320 SF
Year Built
2014
Buildings
1
Stories
1
Lot Size (sq. ft)
45,738 SF

Location Insight

City
Bayboro
County
Pamlico
State
North Carolina
Latitude
35.1438642
Longitude
-76.7932923

FAQs

What type of property is this?
Retail property - High-yield NC convenience store, strong tenant.
Where is the retail property located?
The property is located at 13881 Nc-55 Bayboro, NC.
What is the asking price?
The asking price for this property is $1,115,152.
What are key features of this property?
This property features: Net-leased Family Dollar; minimal landlord responsibilities.; High traffic count exceeding 9,000 vehicles daily.; Average household income over $70,000 within a 5-mile radius.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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13881 Nc-55
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