1216 Memorial Dr E - Freestanding FOR SALE


Ahoskie, NC 27910
$1,377,246 USD
214-692-2289
1216 Memorial Dr E, Ahoskie, NC for Sale
$1,377,246 USD
Freestanding - FOR SALE
1/3
null | 8.35% Cap Rate

1216 Memorial Dr E
Ahoskie, NC 27910


HIGHLIGHTS

  • 2014 build-to-suit construction for Family Dollar
  • ±6.75-Years remaining on a 10-Year lease
  • Tenant recently extended their lease to a new full 10-year term
  • Five, 5-Year renewal options remain; all of which include a 5% rent increase
  • Family Dollar has successfully operated at this location for 10 years, proving its commitment to the location and market
  • ±16,000 vehicles daily at the intersection of E Memorial Drive

OVERVIEW

The 3-Mile population of ±8,787 residents. The 5-Mile population of ±16,892 residents. Dollar Tree acquired Family Dollar in 2015 and they are considered to be the second-largest discount retailer in the United States with more than 16,000 locations. Family Dollar is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same-store sales/profitability. Family Dollar, a major national discount retailer with more than 8,000 stores across 48 states, has been acquired for roughly $1 billion by Brigade Capital Management, Macellum Capital Management, and Arkhouse Management Co. Now operating as an independent company, Family Dollar bene?ts from both fresh capital and signi?cant retail expertise. This backing is expected to accelerate store upgrades and drive operational improvements. With its proven value-focused model and strong presence in local communities, Family Dollar continues to serve as a resilient anchor tenant, positioned for sustained growth in the years ahead. Broker of Record Brian Brockman – Broker License #: 298998 Bang Realty-North Carolina Inc bor@bangrealty.com 513-898-1551

FOR SALE DETAILS

PRICE

$1,377,246 USD

PRICE/SF

$163 USD /SF

CAP RATE

8.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

B-2

APN/PARCEL ID

5992-64-4966

ASK ABOUT THIS PROPERTY

Josh BishopMatthews Real Estate Investment ServicesMore Info
214-692-2289

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Josh BishopMatthews Real Estate Investment ServicesMore Info
214-692-2289

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.