210 Highway 740 Byp E - Freestanding FOR SALE


Albemarle, NC 28001
$1,950,200 USD
201-215-1802
210 Highway 740 Byp E, Albemarle, NC for Sale
$1,950,200 USD
Freestanding - FOR SALE
1/8
null | 7.5% Cap Rate

210 Highway 740 Byp E
Albemarle, NC 28001


HIGHLIGHTS

  • Newer Construction
  • Passive NN+ Lease Structure
  • Scheduled Rent Increases
  • Corporate Lease
  • Strategic Retail Location
  • Area Economic Driver

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction freestanding Family Dollar investment property located at 210 NC Route 740 in Albemarle, North Carolina (the “Property”). Family Dollar has 8+ years remaining on their lease with four (4), 5-year renewal options. The lease features attractive rent increases at the start of each renewal option. The Property enjoys excellent frontage and visibility at the intersection of Woodhaven Drive and NC Route 740, the area’s primary commercial corridor and is convenient to the Northeast Connector, Highway 24, NC Routes 27 & 73, and US Route 52, the area’s primary commuter corridors. Family Dollar is positioned just east of Downtown Albemarle and enjoys convenient access to the area schools, national retailers and restaurants and several industrial complexes that drive traffic to the area. Additionally, the Property is close to Albemarle’s residential neighborhoods, Pfeiffer University, Stanly Community College, and Atrium Health Stanly (hospital). Albemarle is situated in central North Carolina approximately 45 miles east of Charlotte.

FOR SALE DETAILS

PRICE

$1,950,200 USD

PRICE/SF

$185 USD /SF

CAP RATE

7.5%

% 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

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,373 SF

ZONING

MULTIPLE

APN/PARCEL ID

6558-01-35-2312

ASK ABOUT THIS PROPERTY

Steven SchiavelloHorvath & TremblayMore Info
201-215-1802

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Steven SchiavelloHorvath & TremblayMore Info
201-215-1802

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