5000 NC 704 Hwy E - Convenience Store FOR SALE


Sandy Ridge, NC 27046
$825,000 USD
818-579-0652
5000 NC 704 Hwy E, Sandy Ridge, NC for Sale
$825,000 USD
Convenience Store - FOR SALE
1/4
null | 11.84% 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 $90 per square foot, below replacement cost (2021 build)
  • 10 Year Roof Warranty

OVERVIEW

Single-tenant retail leased to Family Dollar (Dollar Tree, Inc., S&P BBB) on a corporate guaranty, priced at $825,000 for an 11.84% going-in return. Rent is secured in full through January 31, 2031 under the existing NN lease, independent of store operations, with landlord responsibility limited to roof and structure (2021-new, 10-year warranty). At roughly $90 per square foot the basis sits well below replacement cost, and Family Dollar has expressed interest in a lease buyout. The hard-corner site on NC-704 sits minutes from Carrollwood Farms, the 8,000-acre equestrian and agritourism destination now under construction by billionaire developer Roy Carroll.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$90 USD /SF

CAP RATE

11.84%

% 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.