1054 Nc-86Blanch, NC 27379

Property Details for 1054 Nc-86

Year built

2014

Lot size

1.25 AC

Property size (Sq ft)

8,320 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a fee-simple interest in an 8,320-square-foot Family Dollar store in Yanceyville, North Carolina. Built in 2014 as a build-to-suit, this freestanding retail building sits on a 1.25-acre lot with 42 parking spaces and enjoys a prominent location on a signalized corner of Highway 86. The property boasts a strong 10.98% cap rate, generating a net operating income (NOI) of $106,000. The current lease, with a corporate guarantee from Dollar Tree, Inc. (parent company of Family Dollar), runs until September 30, 2025, with five 5-year renewal options, each including a 10% rent increase. Family Dollar has occupied the property since October 30, 2013, demonstrating a long-term commitment to the location. The property's asking price is $965,000. Dollar Tree, Inc. reported $30.6 billion in total revenue as of January 31, 2024, and holds an investment-grade S&P credit rating of BBB/Stable. The property's central location in Yanceyville, near county services and Piedmont Community College, further enhances its value. This is a rare opportunity to acquire a well-performing, net-leased retail property with a strong tenant and significant upside potential. The property's APN is 0068.00.00.0091.0000. The permitted zoning is Commercial.

Location Insight

City

Blanch

County

Caswell

State

North Carolina

Latitude

36.4076

Longitude

-79.3373

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