Cap Rate
9%
Tot. SF
10,500
6288 US-264 A West, Sims, NC, 27880
Family Dollar$1,279,833
Key Information
Year Built
2023
Term Remaining
±7.75 YRS
Type
Retail
NOI
$115,185
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.
- Strategic Location: Less than 38 miles from Raleigh, NC, with immediate access to US-264 and proximity to I-95.
- Resilient Tenant: Family Dollar operates 7,000+ locations nationwide and is backed by private equity investment for operational improvements.
Photos
Location
Agents
J
Josh BishopLicense # 688810 (TX)
S
Scotty LatimerLicense # 790608 (TX)
Broker of Record
Gerard Hamas
License # C42113, 362768 (NC)Matthews Real Estate Investment Services, Inc1600 West End Ave., Ste. 1500 Nashville, TN 37203