330 W Dixon Blvd - Freestanding FOR SALE


Shelby, NC 28152
$1,400,000 USD
310-691-1350
330 W Dixon Blvd, Shelby, NC for Sale
$1,400,000 USD
Freestanding - FOR SALE
1/8
null | 7.5% Cap Rate

330 W Dixon Blvd
Shelby, NC 28152


HIGHLIGHTS

  • Corporate Lease with Dollar Tree Stores, Inc. (NASDAQ: DLTR | S&P: BBB) - Lease Secured by Investment-Grade $30 Billion Market Cap Industry Tenant
  • 8,868 Dollar Tree Locations Spanning 48 States - Opened 650 New Stores in 2023 - Surpassing Previous Record of 455 New Stores Opened in 2022
  • Large 2.24 AC Parcel at Signalized Hard-Corner Intersection - With Recently Renovated 13,824 SF Building + 57 Surface Parking Spots
  • Located in Greater Charlotte Region - One of the Fastest-Growing MSA’s in the Country
  • Shelby Named #1 Micropolitan City in North Carolina & 7th out of 543 in the U.S.
  • Home of American Legion World Series - Over 120,000 Tickets Sold per Year & an Estimated Annual Economic Impact of Over $16M+ Regionally

OVERVIEW

Pegasus Investments Real Estate Advisory Inc. and ParaSell, Inc., as exclusive investment sale advisors to seller, are pleased to present the opportunity to acquire a single tenant corporate Dollar Tree located in the highly sought after Greater Charlotte region (the “Property”). The Property is secured by a corporate lease with Dollar Tree Stores, Inc. (NASDAQ: DLTR), an industry-leading and investment-grade tenant (S&P: BBB) boasting a remarkable $15 billion market capitalization. With over nine years remaining in the base term and five optional 5-year extensions, the lease terms provide a stable investment outlook. Of the 16,000 Dollar Tree and Family Dollar stores in the corporate portfolio, Dollar Tree operates in over 8,800 locations across 48 states, and opened 650 new stores in 2023, surpassing their previous record of 455 stores opened in the previous year. Situated on a substantial 2.24-acre parcel, the Property comprises a recently renovated 13,824 SF building and 57 surface parking spots, catering to the needs of Dollar Tree’s customers and enhancing the overall appeal of this investment opportunity. The Property is located within the Greater Charlotte region, one of the fastest growing metroplex’s in the United States and is expected to grow by an astonishing 47% to 2.74 million people within the current decade (2030). Situated in Shelby, North Carolina, the county seat of Cleveland County and less than 40 miles west of Charlotte Douglas International Airport, the Property benefits from the tremendous growth occurring within the metroplex. In 2024, Shelby and surrounding areas of Cleveland County were named as the number one top small town in North Carolina and number seven in the nation out of 543 micropolitan communities (Site Selection Magazine), based on qualifying new or expanding projects that create a minimum capital investment of at least $1 million, create at least 50 new jobs or add at least 20,000 square feet of new floor area. In total, the Cleveland County Economic Development Partnership announced 11 projects last year that resulted in a capital investment of over $395 million and the creation of 367 new jobs in Shelby.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$98 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree - Corporate STNL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

2.24 AC

LAND SF

97,574 SF

ZONING

GB

APN/PARCEL ID

22794

ASK ABOUT THIS PROPERTY

David ChasinPegasus InvestmentsMore Info
310-691-1350

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David ChasinPegasus InvestmentsMore Info
310-691-1350

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