1105 S Scales StReidsville, NC 27320
Rare Abs. NNN Family Dollar | Reidsville, NC
Asset ClassRetail
Cap Rate: 7.25%Access Data Room
Rare. Abs. NNN Family Dollar
Overview
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Family Dollar in Reidsville, NC. The premises is leased to Family Dollar Corporate for 15 years with built-in rental increases of 10% every 5 years. The Asset is well positioned at a lighted intersection of S. Scales St and Richardson Drive which provides the site with superior accessibility.
Investment Highlights
Rare Abs. NNN Family Dollar Lease Form
- Rare Abs. NNN Lease
- Zero Landlord responsibility
- 10% Rental Increases in base term and option periods
- 6 option periods remaining
Name Brand Tenant
- Over 16K Family Dollar and Dollar Tree locations in 48 different states
- Dollar Tree is ranked #134 on Fortune 500
Credit Worthy Tenant
- Credit Worthy Tenant Corporate Lease Back Guaranteed By Dollar Tree, Inc
- Market Capitalization of ~$28B
- S&P Credit Rating of BBB
Minimal Competition in Retail Node
- Only 1 other dollar store serves the trade area
- Over 1MSF of retail located in a 1-mile radius
- Nearby Tenant’s include: McDonald’s, Biscuitville, Advance Auto Parts, and Auto Zone
Accessible Location
- Two Points of ingress and egress on S. Scales St (10K VPD) & Richardson Dr (4.3K VPD)
- Located at the hard corner of a lighted intersection
Photo Gallery
1105 S Scales StReidsville, NC 27320
Sales Team
Atlantic Capital Partners - Charlotte
Listing provided by Revere CRE