5000 NC 704 Hwy E - Convenience Store FOR SALE


Sandy Ridge, NC 27046
$750,000 USD
818-579-0652
5000 NC 704 Hwy E, Sandy Ridge, NC for Sale
$750,000 USD
Convenience Store - FOR SALE
1/4
null | 13.02% Cap Rate

5000 NC 704 Hwy E
Sandy Ridge, NC 27046


HIGHLIGHTS

  • 11.84% going-in cap on corporate-guaranteed income (Family Dollar / Dollar Tree, S&P BBB)
  • Rent secured through 1/31/2031, independent of store operations
  • Low basis at roughly $87 per square foot, below replacement cost for(2021 build)
  • 10 Year Roof Warranty

OVERVIEW

Exclusive Realty presents a single-tenant retail asset in Sandy Ridge, NC leased to Family Dollar, a subsidiary of Dollar Tree, Inc. (S&P BBB, investment grade), on a corporate guaranty producing $97,675 of annual income. At the $795,000 list price, the going-in return is 12.29%, a yield rarely available on investment-grade corporate paper. Rent is secured in full through January 31, 2031 under the existing NN lease, independent of store operations. The real estate underwrites as well as the income. Built in 2021, the 9,180 square foot building sits on 1.71 acres with 48 surface spaces and a hard-corner position on NC704. Priced at roughly $87 per square foot, the basis sits well below replacement cost for comparable new construction. The tenant carries taxes and insurance under the NN structure, and landlord responsibility is limited to roof and structure, both new as of 2021 and covered by a 10-year warranty, keeping near-term capital exposure minimal. The structure also offers optionality. Family Dollar has expressed interest in a lease buyout, creating a potential path to accelerated capital return, while the modern, flexible box and corner location support re-tenant or owner-user demand over time. A buyer collects a high current return today and holds well-located 2021 real estate at a low basis behind it.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$82 USD /SF

CAP RATE

13.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

(Dark) Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

1.71 AC

LAND SF

74,488 SF

ZONING

None, County

APN/PARCEL ID

607004516542

ASK ABOUT THIS PROPERTY

Sam WessonExclusive RealtyMore Info
818-579-0652

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Sam WessonExclusive RealtyMore Info
818-579-0652

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