224 E Kornegay St - Storefront FOR SALE
Dover, NC 28526 |
$899,000 USD
404-376-1452
224 E Kornegay St
Dover, NC 28526
HIGHLIGHTS
- Corporate guaranty from Family Dollar Stores, Inc. | 7,123+ locations across the U.S.
- Attractive lease structure with 6, 5-year options remaining | 40- year full lease term
- Strong rent growth | 7.5% increase in fixed mid term year plus 5% increase in each option period
- Strategically located on Highway 70 | Hard corner location | East/West regional corridor
- Modern building footprint at 8,320 SF
- 10 minutes from Lenoir Community College | 2,400 students
FOR SALE DETAILS
PRICE
$899,000 USD
PRICE/SF
$108 USD /SF
CAP RATE
9.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Family Dollar
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2018
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
1.59 AC
LAND SF
69,260 SF
ZONING
Commercial
APN/PARCEL ID
3-D-06-048
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404-376-1452
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404-376-1452
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