505 Dr Donnie H Jones Jr W Blvd - Retail FOR SALE


Princeton, NC 27569
$1,589,225 USD
215-603-6914
505 Dr Donnie H Jones Jr W Blvd, Princeton, NC for Sale
$1,589,225 USD
Retail - FOR SALE
1/6
null | 7.75% Cap Rate

505 Dr Donnie H Jones Jr W Blvd
Princeton, NC 27569


HIGHLIGHTS

  • 10,532 SF freestanding building built in 2023 on 1.65 acres, featuring Family Dollar’s newest prototype for minimal near-term capital needs
  • Lease runs through August 2033 with 7+ years remaining, ensuring stable and predictable cash flow
  • Tenant is Family Dollar Stores of North Carolina, LLC, backed by Family Dollar Stores, LLC, a national retailer with 8,000+ locations
  • Low-management structure with six 5-year renewal options and $5,250 annual rent increases, providing income growth and inflation protection
  • High-visibility site along Dr. Donnie H. Jones Jr. Blvd near US Route 70, benefiting from 30,680 VPD traffic exposure
  • Growing population (up to 1.74% annually), solid income demographics ($78K avg. HHI), and ideal conditions for Family Dollar’s long-term success

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,589,225 USD

PRICE/SF

$151 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar | Princeton, NC

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,874 SF

ZONING

C

APN/PARCEL ID

04P10097C

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

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Matthew GormanCBRE, Inc.More Info
215-603-6914

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