Family Dollar

1144 Greenwood Rd, Sanford, North Carolina

$1,280,000

Details

Price : $1,280,000
Cap Rate : 7.14%
NOI : 91,401
Building Size : 8,320 Sq Ft
Lot Size (AC) : 1.45
Year Built : 2018
Lease Type : NN
Renewal Options : 6, 5-Year
Rental Increases : 7.5% in Year 11
Status : Available
Property Type : Retail

Investment Highlights

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

Description

NNN Investment Advisors is pleased to present the brand new 2018 Family Dollar located at 1144 Greenwood Rd in Lemon Springs, North Carolina. The property is made up of a 8,320 square feet building and is situated on approximately 1.45 acres of newly developed land. This Family Dollar Property is subject to a 10-year double-net (NN) lease. The lease originated on 03/15/2018 with an initial annual $91,401. The lease is subject to 7.5 percent rental increases with six (6), five-year options, which will begin in Year 11. The rental increases continue every 5 years in the options. Newly Built Discount store carrying a variety of goods, including groceries, household items & beauty products.

Lee County is a place where traditional values are embraced. An easy drive from the Raleigh, Fayetteville, Southern Pines, and Chapel Hill areas, Lee County is an all-American communityNNN

View On Map