- The tenant recently extended their lease for an additional 5 years with 2 (5-year) options to extend, demonstrating their commitment to the site
- The lease features a 10% rental increase at the beginning of the remaining option periods, steadily growing NOI and hedging against inflation
Investment Offering
Charlotte, NC - Family Dollar
4130 Rozzelles Ferry Rd | Charlotte, NC 28216
$1,473,000
Price8.25%
Cap Rate$121,503
NOI8,537
± SF Offering GLADescription
Location
- The property is located right off of Interstate 85, which sees over 169,000 vehicles passing by daily and stretches from Alabama to Virginia
- The asset is located less than 4 miles from downtown Charlotte, providing access for customers of all areas of the city
- The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, ALDI, Food Lion, Planet Fitness, QuikTrip, McDonald’s, Jack in the Box, and more
- Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
Documents & Links
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Contact
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226