$1,230,000
Details
Price : $1,230,000
Cap Rate : 6.52%
NOI : 80,135
Price Per SF : $147.84
Building Size : 8,320 Sq Ft
Lot Size (AC) : 1.41
Year Built : 2016
Lease Type : Absolute NNN
Lease Expiration : 04/30/2031
Renewal Options : 6, 5-Year
Rental Increases : 10% Every Option
Status : Available
Property Type : Retail
Investment Highlights
Build to Suit Construction
Six, Five-Year Renewal Options
Corporate Tenant; Investment Grade Credit
15 Year, Absolute NNN Lease - No Landlord Responsibility
Attractive Rent Escalations | 10% Every Five Years Starting in First Option
Description
NNN Investment Advisors is pleased to present the new, built to suit (2016) Family Dollar located at 114 Commerce St, Aulander, North Carolina 27805. The property is made up of 8,320 SF and is situated on approximately 1.41 acres strategically placed in the center of town with closest Family Dollar 10 Miles away. The Property is subject to a 15-year triple-net (NNN) lease with annual rent of $80,135 and subject to 10 percent (10%) rental increases beginning in Year 11, with six, 5-year options. The rental increases continue through the six, five-year tenant renewal options.
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