320 N Main St - Storefront FOR SALE


Candor, NC 27229
$978,500 USD
503-522-8816
320 N Main St, Candor, NC for Sale
$978,500 USD
Storefront - FOR SALE
1/6
null | 7.75% Cap Rate

320 N Main St
Candor, NC 27229


OVERVIEW

Rare 15.74% Rent Increase at next Option (January, 2027). Annual NN+ Income $75,835 with 7.75 Cap. There are (4) 5-Year Options on this proven producer. This is a larger format built to suit store with 9,180 sq. ft. and it has been upgraded by Family Dollar twice since it was built, showing the tenant's commitment to this site. It is an H2 format which provides a better customer offering than standard Family Dollar stores. Candor is a growing community with a stable employed demographic. Serveral industries provide work with an average income of $56,181, and it is the long -time host of the North Carolina Peach Festival which draws crowds of over 8,000 visitors annually. The Landlord has maintained the properlty with roof improvements in 2022 and parking lot sealing and stripping in 2024. This property is being sold by the principal, but commissions for buyer-side brokers will be negotiated.

FOR SALE DETAILS

PRICE

$978,500 USD

PRICE/SF

$107 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

Commercial

APN/PARCEL ID

7576-16-74-6644

ASK ABOUT THIS PROPERTY

Tony FinchThe Syndicate, LLCMore Info
503-522-8816

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Tony FinchThe Syndicate, LLCMore Info
503-522-8816

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