6288 US Highway 264A W - Freestanding FOR SALE
Sims, NC 27880 |
$1,279,833 USD
214-692-2289
6288 US Highway 264A W
Sims, NC 27880
HIGHLIGHTS
- 2023 Build To Suit: Brand new construction specifically for Family Dollar, ensuring modern standards and long-term durability.
- Long Lease Term: ±7.75 years remaining on an initial 10-year corporately guaranteed lease, providing stable cash flow.
- Corporate Guarantee: Lease is guaranteed by Family Dollar corporate, offering strong credit and reliability.
- Rent Growth: Rent increases of $5,250 ($0.50/SF) in each of the five, 5-year renewal options, supporting future income growth.
- Roof Warranty: Property includes a 20-year roof warranty, reducing landlord capital expenditure risk.
- Strong Demographics: Average household income of $88,886 annually within a 10-mile radius, supporting retail demand.
FOR SALE DETAILS
PRICE
$1,279,833 USD
PRICE/SF
$145 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
2023
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
R15
APN/PARCEL ID
2783-03-0071.000
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214-692-2289
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214-692-2289
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