108 Main StThomasville, NC 27360

Property Details for 108 Main St

Year built

1956

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.66 AC

Property size (Sq ft)

11,243 SF

Zone code

C4

Property type

Industrial properties

Property subtype

Other warehouses

APN

16-078-0-00B-0001

APU

16078000B0001

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $1,411,871

  Hospitality

  $1,293,266

  Educational

  $1,075,982

  Medical

  $1,112,987

  Retail

  $1,673,750

Location Insight

City

Thomasville

County

Davidson

State

North Carolina

Latitude

35.8849

Longitude

-80.0792

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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