1825 E 10th St - Drug Store FOR SALE
Roanoke Rapids, NC 27870 |
$1,890,000 USD
248-702-0288
1825 E 10th St
Roanoke Rapids, NC 27870
HIGHLIGHTS
- Double Net Lease: Requires minimal landlord responsibilities (Roof, Structure, & Parking Lot (Replacement Only)
- Corporate-Guaranteed Lease – 100% leased to Dollar Tree, a publicly traded Fortune 500 company (NASDAQ: DLTR)
- Strong Placer AI Ranking: 66th Percentile Nationwide (2,877 of 8,498 Locations) & 75th Percentile Statewide (80 of 328 Locations)
- Long-Term Lease in Place – The tenant recently executed a new 7- year lease that commenced January 1, 2024
- Attractive Rental Increases – Lease includes two (2), 7-year renewal options with 4% rental increases
- Established Retail Location – The 11,200 SF freestanding store sits on 1.56 acres served the market as a former pharmacy before converting
FOR SALE DETAILS
PRICE
$1,890,000 USD
PRICE/SF
$158 USD /SF
CAP RATE
7.11%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Dollar Tree
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
60
LAND DETAILS
LAND ACRES
1.56 AC
LAND SF
67,954 SF
ZONING
RRB4
APN/PARCEL ID
09-04395
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248-702-0288
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248-702-0288
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