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FAMILY DOLLAR | CHARLOTTE, NORTH CAROLINA

Purchase Price
$2,083,660
Location
3618 Beatties Ford Rd
Cap Rate
6.75%
Annual Rent
$140,647.08
Building Size
8,320 SF
Land Area
1.07 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
10.50 Years
LEASE EXPIRATION
12/31/2036
Renewal Options
Six (6) - Five (5) Year
RENT INCREASES
10% at Options
Parking
34 Spaces
Year Built
2018
APN
04108218
Traffic Counts
29,474 VPD

INVESTMENT HIGHLIGHTS

 

FAMILY DOLLAR CORPORATE LEASE:

  • Approximately 10.25 Years of Guaranteed Lease Term Remaining (Lease Exp: December 2036)
  • 2018 Construction - Build-to-Suit Family Dollar
  • 8,320 SF Building | 1.07 Acre Parcel
  • Six (6) - Five (5) Year Option Periods with 10% Rental Increases
 

ABSOLUTE NNN LEASE:

  • Absolute NNN Lease with ZERO Management Responsibilities
  • Tenant Pays for ALL Operating Expenses, Insurance & Reimburses Property Taxes
 

RECENT LEASE EXTENSION:

  • In July 2026, Family Dollar Extended the Lease for an Additional 5 Years Through December 31, 2036 - Further Signifying Their Long-Term Commitment to this Location
 

PROXIMITY FROM CHARLOTTE, NORTH CAROLINA:

  • Greensboro, NC | 92 Miles
  • Greenville, SC | 103 Miles
  • Raleigh, NC | 150 Miles
  • Wilmington, NC | 207 Miles
  • Charleston, SC | 212 Miles
  • Knoxville, TN | 234 Miles
  • Savannah, GA | 243 Miles
  • Atlanta, GA | 245 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile Population: 6,155 Residents
  • 1-Mile Average Household Income: $73,089
  • 3-Mile Population: 62,604 Residents
  • 3-Mile Average Household Income: $86,018
  • 5-Mile Population: 235,072 Residents
  • 5-Mile Average Household Income: $114,652
  • 7-Mile Population: 425,656 Residents
  • 7-Mile Average Household Income: $127,866

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