For Sale
$1,475,250

19 Waddell St Ansonville, NC 28007

High-yield, 8.5-year NNN lease. Strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a newly constructed (2023) Family Dollar Tree retail property located at 19 Waddell St, Ansonville, NC 28007. The property features a 10-year net lease (NN+) with five, 5-year options, each including a $5,250 rent increase ($.50 PSF). The lease commenced April 20, 2023, and expires April 30, 2033, providing a substantial remaining lease term of 8.5 years. The property boasts a strong 8.00% cap rate and a Net Operating Income (NOI) of $118,020. The tenant, Family Dollar Tree, benefits from a corporate guarantee and an investment-grade credit rating (BBB-), ensuring financial stability. This strategically located property is adjacent to Ansonville Elementary School, providing high visibility and convenient access. The combined Family Dollar and Dollar Tree store format demonstrates a proven 20% higher sales volume compared to single-branded stores. Dollar Tree, the parent company, is the second-largest discount retailer in the US, with over 16,000 locations, showcasing its market dominance and resilience. The asking price for this exceptional net lease investment is $1,475,250. This property offers a compelling combination of strong tenant credit, a long-term lease, and a desirable location, making it an ideal addition to any investment portfolio.

Highlights

  • 2023-built Family Dollar Tree store on a 10-year Net-Net-Net (NNN) lease with limited landlord responsibilities.
  • Strategically located near Ansonville Elementary School, offering high visibility and accessibility.
  • Lease includes five, 5-year options with $5,250 annual rent increases ($0.50/SF).
  • Investment-grade credit tenant (BBB-) with a strong corporate guarantee.
  • Located approximately 50 miles east of Charlotte, NC.
  • Family Dollar Tree combo stores demonstrate 20% higher sales than single-brand stores.

Property Details for 19 Waddell St

Property type
Retail properties, Grocery and convenience stores
Year Built
2023

Location Insight

City
Ansonville
County
Anson
State
North Carolina
Latitude
35.103711983454
Longitude
-80.107989213808

FAQs

What type of property is this?
Retail property - High-yield, 8.5-year NNN lease. Strong tenant.
Where is the retail property located?
The property is located at 19 Waddell St Ansonville, NC.
What is the asking price?
The asking price for this property is $1,475,250.
What are key features of this property?
This property features: 2023-built Family Dollar Tree store on a 10-year Net-Net-Net (NNN) lease with limited landlord responsibilities.; Strategically located near Ansonville Elementary School, offering high visibility and accessibility.; Lease includes five, 5-year options with $5,250 annual rent increases ($0.50/SF).
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.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
19 Waddell St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message