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Listed by Pillai Realty LLC
$ 1,155,000
Est. payment /mo
New
7448 Andrew Jackson SW HWY Cerro Gordo, NC 28430
8,400 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 8,400 sqft
Price per Sqft $137
MLS Listing ID 10201810
HOA Y/N No
Year Built 2019
Annual Tax Amount $4,638
Lot Size 1.220 Acres
Acres 1.22
Lot Dimensions 1.22
Property Sub-Type Retail
Source Doorify MLS
Land Area 8400
Property Description
INVESTMENT HIGHLIGHTS:
Corporate Net Lease (STNL) Family Dollar (Family Dollar Stores, Inc.) in Columbus County, NC.
Ideal bite-sized, turnkey 1031 exchange replacement asset featuring a corporate guarantee, zero landlord operational friction, and stable, predictable cash flow below replacement cost.
Modern 2019-construction 8,400 SF prototype situated on a ±1.22-acre hard corner at Andrew Jackson and Haynes Lennon Highway with the local US-74 business corridor.
Operating under an institutional NNN lease structure with zero CAM exposure and full tenant reimbursement of real estate taxes and casualty insurance. In-place NOI of $85,458 delivers an immediate 7.4% Cap Rate at an attractive $137.50/SF basis (well below replacement cost).
Primary lease term runs through March 31, 2029, with six (6) 5-year renewal options featuring 7.5% contractual rental increases (yielding over 10.0% on cost).
Proven store-level customer loyalty that consistently exceeds annual unit targets despite nearby national co-tenancy. Excellent 1031 exchange replacement asset.
Corporate Net Lease (STNL) Family Dollar (Family Dollar Stores, Inc.) in Columbus County, NC.
Ideal bite-sized, turnkey 1031 exchange replacement asset featuring a corporate guarantee, zero landlord operational friction, and stable, predictable cash flow below replacement cost.
Modern 2019-construction 8,400 SF prototype situated on a ±1.22-acre hard corner at Andrew Jackson and Haynes Lennon Highway with the local US-74 business corridor.
Operating under an institutional NNN lease structure with zero CAM exposure and full tenant reimbursement of real estate taxes and casualty insurance. In-place NOI of $85,458 delivers an immediate 7.4% Cap Rate at an attractive $137.50/SF basis (well below replacement cost).
Primary lease term runs through March 31, 2029, with six (6) 5-year renewal options featuring 7.5% contractual rental increases (yielding over 10.0% on cost).
Proven store-level customer loyalty that consistently exceeds annual unit targets despite nearby national co-tenancy. Excellent 1031 exchange replacement asset.
Location
State NC
County Columbus
Area 1.22
Zoning CF CG CR W2
Interior
Cooling Central Air
Fireplace No
Exterior
Garage Spaces 35.0
Roof Type Metal
Total Parking Spaces 35
Garage No
Building
Foundation Slab
Water Public
New Construction No
Others
Tax ID 0221.00-20-1692.000
Security Features Closed Circuit Camera(s)
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
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