467 NC Highway 58 N - Freestanding FOR SALE
Trenton, NC 28585 |
$858,833 USD
732-832-5414
467 NC Highway 58 N
Trenton, NC 28585
HIGHLIGHTS
- Offered at $858,833, reflecting a 9.00% capitalization rate
- ±6.25 Years of Term Remaining on the current lease, with four (4) additional five-year renewal options
- Attractive Rental Escalations: A 15.25% rent increase at the first option period, followed by 10% increases at each subsequent renewal
- Established Tenancy Since 2008: Family Dollar has operated at this location for over 15 years and has exercised two lease extensions
- Corporate Guarantee: Lease is backed by Family Dollar, a subsidiary of Dollar Tree, Inc. (NASDAQ: DLTR), providing credit-backed income security
- ±8,000 SF Freestanding Building on a ±0.86-acre parcel featuring a concrete lot and approximately 29 surface parking spaces
FOR SALE DETAILS
PRICE
$858,833 USD
PRICE/SF
$107 USD /SF
CAP RATE
9%
% 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
2008
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.86 AC
LAND SF
37,462 SF
ZONING
C14
APN/PARCEL ID
4488-93-0365
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
732-832-5414
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
732-832-5414
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
