106 W Martin Luther King Dr - Freestanding FOR SALE


Maxton, NC 28364
$1,900,000 USD
480-221-4221
106 W Martin Luther King Dr, Maxton, NC for Sale
$1,900,000 USD
Freestanding - FOR SALE
1/4
null | 6.71% Cap Rate

106 W Martin Luther King Dr
Maxton, NC 28364


HIGHLIGHTS

  • Brand New 10-Year Lease | Options To Extend
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Across From Piggly Wiggly | Primary Retail Corridor |Strong National/Credit Tenant Presence
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• The tenant, Dollar Tree Stores, Inc., recently signed a brand new 10-year lease with 3 (5-year) option periods to extend, showing their commitment to the site • The lease features flat rent rent during the initial term and increases of $0.50 PSF at the beggining of each 5-year option period, steadily growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$194 USD /SF

CAP RATE

6.71%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree | Brand New 10-Yr Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

LAND ACRES

2.05 AC

LAND SF

89,298 SF

ZONING

CBD

APN/PARCEL ID

3306-02-038

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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