9060 Hillsville RdTrinity, NC 27370

  • Retail properties
  • 10,500 SF
For Sale
$1,720,688 View listing

Property Details for 9060 Hillsville Rd

Year built
2024
Lot size
1.81 AC
Property size (Sq ft)
10,500 SF
Property type
Retail properties
Property subtype
Other retail properties

Description

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.

9060 Hillsville Rd, Trinity, North Carolina

Location Insight

City
Trinity
County
Randolph
State
North Carolina
Latitude
35.8437
Longitude
-79.9385

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