2710 Us Hwy 64 74A Hwy - Freestanding FOR SALE


Rutherfordton, NC 28139
$850,000 USD
205-908-1661
2710 Us Hwy 64 74A Hwy, Rutherfordton, NC for Sale
$850,000 USD
Freestanding - FOR SALE
1/4
null | 10.02% Cap Rate

2710 Us Hwy 64 74A Hwy
Rutherfordton, NC 28139


HIGHLIGHTS

  • Strategically located along US-64/74A Highway, a major thoroughfare in Rutherfordton, ensuring high visibility and accessibility.
  • Positioned within a thriving area that serves residents, surrounding rural communities, and tourist visiting nearby attractions, Lake Lure and Chimney
  • Surrounded by a stable population with a balanced mix of working professionals, families, and retirees.
  • The location benefits from Rutherford County's growing population and economic diversification.
  • High traffic counts on US-64/74A, a key connector route for commuters and visitors traveling through Rutherford County.
  • Close to popular destinations like Lake Lure, Chimney Rock State Park, and the historic downtown Rutherfordton area.

OVERVIEW

Marcus & Millichap is pleased to present a compelling investment opportunity: a Built-to-Suit Family Dollar located in Rutherfordton, North Carolina, within the Greenhill community. Constructed in 2018, this property boasts approximately 4.5 years remaining on its initial 11-year lease term. The lease also includes six (6) five-year renewal options, each featuring a 5% rent increase. Notably, these renewal options are automatically exercised unless written notice is provided at least 180 days prior to expiration. The property features an 8,320-square-foot building situated on a 1.58-acre parcel along US Highway 64/74A. ( 5,300 AADT ) This scenic highway serves as a vital corridor, connecting Rutherfordton to popular tourist destinations such as Lake Lure and Chimney Rock before culminating in Asheville. Positioned just 7 miles east of Lake Lure and 5 miles west of Rutherfordton, this strategic location attracts a significant share of the 300,000 annual visitors to Lake Lure, further enhancing its appeal as a prime retail asset. Green Hill, North Carolina, is a picturesque unincorporated community located in Rutherford County. The retail landscape in Green Hill primarily caters to the daily needs of its residents and surrounding rural communities. While the area lacks large-scale retail centers, this creates an opportunity for value-driven retailers like Family Dollar to thrive by meeting the demand for essential goods and services. Limited competition and a loyal customer base position Green Hill as a favorable market for Family Dollar.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$102 USD /SF

CAP RATE

10.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,825 SF

ZONING

C1

APN/PARCEL ID

1652580

ASK ABOUT THIS PROPERTY

Chapman BrownMarcus & Millichap Real Estate Investment ServicesMore Info
205-908-1661

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Chapman BrownMarcus & Millichap Real Estate Investment ServicesMore Info
205-908-1661

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