Family Dollar

5251 Church Loop N, Black Creek, North Carolina

$1,170,000

Details

Price : $1,170,000
Cap Rate : 7.17%
NOI : 83,915
Building Size : 8,320 Sq Ft
Lot Size (AC) : 1.2
Year Built : 2018
Lease Type : NN
Lease Expiration : 06/30/2028
Renewal Options : 6, 5-Year
Rental Increases : 10% in Year 11
Status : Available
Property Type : Retail

Investment Highlights

Low Rent
Attractive Rent Increases
Built to Suit Construction
Six, Five-Year Tenant Renewal Options
Corporate Guarantee; Investment Grade Credit
Brand New NN Lease with Minimal Landlord Responsibility

Description

New Build to Suit in 2018 Family Dollar located at 5251 Church Loop N, Black Creek, North Carolina 27893. The property is made up of a 8,320 square feet building and is situated on approximately 1.2 acres of newly developed land. This Property is subject to a 10-year double-net (NN) lease which originated on 03/15/2018 with annual rent of $83,915. The lease is subject to 7.5 percent rental increases beginning in year 11 with six (6), five-year options.

Sitting 30 minutes east of Raleigh, Wilson County is a major center for commerce, education, culture, and tourism. As new development and industry continue to grow within its borders, Wilson County maintains a strong presence in the communities of eastern North Carolina. Wilson County promises to continue as a vibrant community for today and tomorrow.

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