3196 Old Stage Hwy, Riegelwood, NC 28456

9,180 SF | Retail Building | Riegelwood, NC 28456 | $1,187,000 ($129/SF) | 7.75% Cap Rate

For Sale

Active

4 pictures

Asking Price $1,187,000

Property Type: Retail
Square Feet: 9,180 SF
Price / Square Foot: $129

Listing Contacts

David Hoppe

Sam Young

Ben Olmstead

Property Info

Property Overview

RECENT LEASE EXTENSION - Strong Corporate Lease
• Family dollar is an investment grade company with a S&P credit rating of BBB
• Dollar Tree (parent company of Family Dollar) is a publicly traded company (NASDAQ: DLTR) with a market capitalization of $29.46B
• Family Dollar has over 8,200 locations
Name Brand Tenant
• Over 16,000 Family Dollar and Dollar Tree locations in 48 different states
• Dollar Tree is ranked #134 on Fortune 500
E-commerce + Recession Resistant Tenant
• Family Dollar same store sales increased by 5.8% from Q4-2022
• Classified as a recession proof essential business
• Merchandising Strategy is focused on discount items
Over 15 Years of Continuous Operating History
• Tenant has occupied premises since the store was built in 2007
• Recently exercised a 5 year extension
• Tenant has shown conviction to location with long operating history
Passive Income
• NN Lease provides new owner with minimal Landlord responsibility
• 10% Rental Increases for reach option, provides next owner hedge against inflation

Property Details

Class: C
Year Built: 2008
Stories: 1
Property Subtype: Freestanding, Grocery/Convenience Store, Storefront
Lot Size (sq. ft): 58,806 SF

Highlights

Recent Lease Extension
Corporate Lease
Over 15 Years of Continuous Operating History at Location

Nearby Properties

$1,187,000

Family Dollar | 7.75% Cap

9,180 SF | Retail Building | Riegelwood, NC 28456 | $1,187,000 ($129/SF) | 7.75% Cap Rate

3196 Old Stage Hwy
Riegelwood, NC 28456

View Details
$1,226,000

Family Dollar | 7.5% Cap

9,180 SF | Retail Building | Riegelwood, NC 28456 | $1,226,000 ($134/SF) | 7.50% Cap Rate

3196 Old Stage Hwy
Riegelwood, NC 28456

View Details
$540,000

275 Acres of Commercial Land Offered at $540,000 USD in Riegelwood, NC 28456

Tbd Old Lk Rd
Riegelwood, NC 28456

View Details
Leland Industrial Park

25 - 76 Acre Industrial Land Lots Offered at $1,495,000 - $4,995,000 USD Per Lot in Leland, NC 28451

Leland Innovation Park
Leland, NC 28451

View Details
$128,000

1.83 Acres of Commercial Land Offered at $128,000 USD in Atkinson, NC 28421

705 Church St
Atkinson, NC 28421

View Details
$275,000

Atkinson School

22,858 SF Specialty Building Offered at $275,000 in Atkinson, NC 28421

300 Henry St
Atkinson, NC 28421

View Details
$4,971,300

High Density Walgreens I 9+ yr NNN I 7.50 CAP

14,787 SF | Retail Building | Leland, NC 28451 | $4,971,300 ($336/SF) | 7.50% Cap Rate

1019 Grandiflora Dr
Leland, NC 28451

View Details

Similar Properties

$1,187,000

Hoover Building

57,500 SF | 8% Leased | Industrial Building | Memphis, TN 38103 | $1,187,000 ($21/SF)

61 Georgia Ave
Memphis, TN 38103

View Details
$1,187,000

Grand Mound Industrial Land

4.54 Acres of Commercial Land Offered at $1,187,000 USD in Rochester, WA 98579

5919 Ivan Way
Rochester, WA 98579

View Details
$1,187,000

Family Dollar | 7.75% Cap

9,180 SF | Retail Building | Riegelwood, NC 28456 | $1,187,000 ($129/SF) | 7.75% Cap Rate

3196 Old Stage Hwy
Riegelwood, NC 28456

View Details
$1,187,000

5,138 SF | Office Building | Fayetteville, NC 28304 | $1,187,000 ($231/SF)

1295 Oliver St
Fayetteville, NC 28304

View Details
$1,187,000

4.5 Acres of Commercial Land Offered at $1,187,000 USD in North Canton, OH 44720

8531 Cleveland Ave
North Canton, OH 44720

View Details
$1,187,351

Dollar General - Oakes, ND

9,100 SF | Retail Building | Oakes, ND 58474 | $1,187,351 ($130/SF) | 7.40% Cap Rate

541 7Th St
Oakes, ND 58474

View Details
$1,186,200

S Hwy 183 - Lockhart 26.36 Acres

26.36 Acres of Commercial Land Offered at $1,186,200 USD in Lockhart, TX 78644

183 Hwy
Lockhart, TX 78644

View Details

FAQ

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?: Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?: Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker: We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?: Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
How do I unsubscribe from emails?: At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].