1216 Memorial Dr E - Freestanding FOR SALE
Ahoskie, NC 27910 |
$1,377,246 USD
214-692-2289
1216 Memorial Dr E
Ahoskie, NC 27910
HIGHLIGHTS
- 2014 build-to-suit construction for Family Dollar
- ±7.75-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/pro?tability. Investment Grade Credit Tenant – S&P Rated BBB-
FOR SALE DETAILS
PRICE
$1,377,246 USD
PRICE/SF
$164 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
0.9 AC
LAND SF
39,204 SF
ZONING
GR
APN/PARCEL ID
5992-64-4966
ASK ABOUT THIS PROPERTY
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214-692-2289
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214-692-2289
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