3196 Old Stage RdRiegelwood, NC 28456
Family Dollar Net Lease, High Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- 7.75% Cap Rate, Net-Net Lease with a recent 5-year lease extension by investment-grade tenant Family Dollar (BBB S&P rating).
- Strong national tenant: Family Dollar, a subsidiary of Fortune 500 company Dollar Tree (DLTR), operating over 8,200 locations.
- Recession-resistant business model: Essential business with proven e-commerce and discount merchandising strategies, showing recent same-store sales growth.
- Long-term stability: Over 15 years of continuous operation at this location since 2007.
- Passive income and inflation hedge: Net-Net lease with minimal landlord responsibilities and 10% rental increases in lease options.
Property Details for 3196 Old Stage Rd
- Property type
- Retail properties, Retail space
- Square Feet
- 9,180 SF
- Class
- A
- Year Built
- 2007
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 58,806 SF
Location Insight
- City
- Riegelwood
- County
- Columbus
- State
- North Carolina
- Latitude
- 34.3431435
- Longitude
- -78.227099
Nearby Comparable
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