Family Dollar NNN Property For Sale — Thomasville, NC
108 E Main St, Thomasville, NC 27360
This investment opportunity features a corporately guaranteed Family Dollar lease with approximately 5.25 years remaining on an initial 10-year term. Family Dollar, a subsidiary of Dollar Tree Inc. (S&P Rated BBB), is a leading discount retailer with over 16,000 locations nationwide. The lease includes five, 5-year renewal options, each with a $.50/SF rent increase. The property underwent a retrofit in 2020. Located in Thomasville, NC, the site benefits from a 5-mile population of 21,867 residents and an average household income of $54,771.
- Address: 108 E Main St, Thomasville, NC 27360
- Asking price $1.27M
- 7.00% cap rate
- NOI $88,660
- 5.25 years remaining
- NNN lease
- Year built: 2020
- Building size: 10,098 SF
- Lot size: 1.66 acres
- Lease expiration: Jan 31, 2031
- Rent increases: Option 1: $93,709.44 (7.40% Cap); Option 2: $98,758.44 (7.80% Cap); Option 3: $103,807.44 (8.20% Cap); Option 4: $108,856.44 (8.59% Cap)
- Guarantor: Corporate
Location
This Family Dollar property is at 108 E Main St in Thomasville, North Carolina.
Asset type: Retail