2588 NC-710 - Retail FOR SALE


Rowland, NC 28383
$1,377,793 USD
332-345-4222
2588 NC-710, Rowland, NC for Sale
$1,377,793 USD
Retail - FOR SALE
1/2
null | 7.25% Cap Rate

2588 NC-710
Rowland, NC 28383


HIGHLIGHTS

  • Absolute Triple Net Lease
  • 10% Rental Increase in 2027! Boosts Cap Rate by 73 Basis Points!
  • Attractive 10% Rental Increases

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Family Dollar located at 2588 NC Highway 710 S, Rowland, NC 28383. The site consists of roughly 8,320 rentable square feet of building space on an estimated 0.9-acre parcel of land. This Family Dollar is subject to a 15-year Triple Net (NNN) lease, which commenced 4/20/2017. The current annual rent is $99,890 and has scheduled increases of 10.00% in year 11 and through the option periods.

FOR SALE DETAILS

PRICE

$1,377,793 USD

PRICE/SF

$166 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar | 10% Bump in 2 Years

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

-

APN/PARCEL ID

2705-02-01201

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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