CBRE is pleased to exclusively present for sale this 10,532 SF Family Dollar located in Princeton, NC. The property is leased to Family Dollar Stores of North Carolina, LLC, with a corporate guaranty from Family Dollar Stores, LLC, providing strong credit backing and reliable long-term income. Constructed in 2023, the building features Family Dollar’s newest store prototype, offering a modern asset with minimal near-term capital requirements.
The lease runs through August 31, 2033, with 7+ years remaining on the initial term and includes six (6) five-year renewal options with $5,250 annual rent increases at each option period, providing predictable cash flow and built-in income growth. Structured as a NN lease, the tenant is responsible for the majority of operating expenses while the landlord maintains roof and structure, delivering a true passive investment opportunity.
The surrounding market exhibits strong fundamentals, with projected population growth of 1.68% annually within 5 miles through 2030 and a growing household base. Average household incomes range from $87,736 to $93,764 within a 7-mile radius, creating a stable consumer base that aligns well with Family Dollar’s value-oriented retail model. These factors combine to support long-term tenant stability and potential property appreciation, making this a compelling investment opportunity.