For Sale
$1,266,578

108 Main St Thomasville, NC 27360

Thomasville, NC: Dollar Stores, High ROI

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a fee-simple, 10,098 square foot retail property in Thomasville, North Carolina. Currently 100% occupied by a portfolio of Dollar General, Dollar Tree, and Family Dollar stores under a triple-net (NN+) lease with a credit-rated, corporate guarantor, this property offers significant long-term value. The lease commenced December 17, 2020, and has a remaining term of approximately 6.4 years, with five, five-year renewal options, each including a $0.50 per square foot rent increase, totaling an additional $5,049 annually. The property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $88,660. Situated on a 1.66-acre lot at 108 E Main St, Thomasville, NC 27360, the single-story building underwent a complete renovation in 2020. The property benefits from a high-traffic location, exceeding 13,000 vehicles per day, and serves a 5-mile population of 21,867 residents with an average household income of $54,771. This is a rare opportunity to acquire a well-positioned, income-producing retail asset anchored by investment-grade tenants with a proven track record of success. The asking price is $1,266,578.

Highlights

  • 2020 Dollar Tree retrofit.
  • Approximately 6.75 years remaining on a 10-year lease.
  • Corporately guaranteed lease.
  • Five, 5-year renewal options with a $0.50/SF rent increase each.
  • 5-mile population of 21,867.
  • Traffic counts exceeding 13,000 vehicles per day.

Property Details for 108 Main St

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,098 SF
Year Renovated
2020
Buildings
1
Stories
1
Lot Size (sq. ft)
72,310 SF

Location Insight

City
Thomasville
County
Davidson
State
North Carolina
Latitude
35.8850891
Longitude
-80.0791652

FAQs

What type of property is this?
Retail property - Thomasville, NC: Dollar Stores, High ROI
Where is the retail property located?
The property is located at 108 Main St Thomasville, NC.
What is the asking price?
The asking price for this property is $1,266,578.
What are key features of this property?
This property features: 2020 Dollar Tree retrofit.; Approximately 6.75 years remaining on a 10-year lease.; Corporately guaranteed lease.
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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108 Main St
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