100 Lizard Creek Rd - Drug Store FOR SALE
Littleton, NC 27850 |
$1,641,000 USD
404-376-1452
100 Lizard Creek Rd
Littleton, NC 27850
HIGHLIGHTS
- Recent 10-year lease extension signed 2022 | 6+ years remaining on extension term
- Significant landlord investment | Tenant expanded the building by approximately 2,000 SF in 2022
- Affluent surrounding area | $121K average household income within a 3-mile radius
- Attractive lease structure | New 10-year term plus 3, 5-year options remaining | 25-year full lease tail
- Corporate guaranteed lease | Family Dollar Stores, Inc. | 7,123+ locations in the US
- Strong rent growth | $0.75 PSF rent increases in each option period
FOR SALE DETAILS
PRICE
$1,641,000 USD
PRICE/SF
$156 USD /SF
CAP RATE
8.15%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Family Dollar
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2013
SPRINKLERS
-
PARKING SPACES
44
LAND DETAILS
LAND ACRES
2.06 AC
LAND SF
89,734 SF
ZONING
Commercial
APN/PARCEL ID
L2A 63H
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404-376-1452
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404-376-1452
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