Family Dollar for Sale in Dover, NC
Dover, NC
Key Investment Metrics
Price
$899,000
Cap Rate
9.5%
Net Operating Income
$85,398
Building Size
8320 SF
Land Area
1.59 Acres
Remaining Term
2.5 years
Lease Expiration
03/31/2029
Lease Term
10 years
Lease Commencement
03/30/2019
Lease Type
NN
Tenant Credit
Corporate Guarantee
Year Built
2018
Occupancy
100%
Tenancy
Single
Rent Increases
7.50% in Option 1; then 5.00% in Each Option Thereafter
AI illustration · Not the listed propertyProperty overview
Family Dollar in Dover
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 8,320 SF
- Land area
- 1.59 acres
- Year built
- 2018
- Lease type
- NN
- Lease expiration
- 03/31/2029
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.