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505 Dr Donnie H Jones Jr W Blvd
Princeton, NC 27569

$1,589,225 USD

General Retail For Sale  •  10,532 SF

Property Details

  • Property Type General Retail
  • Total Building Size 10,532 SF
  • Lot Size 1.65 AC
  • Building Class B
  • Year Built 2023
  • Cap Rate 7.75 %
  • Tenancy Single
  • Zoning C
0 Transit Score
29 Walk Score

Highlights

10,532 SF freestanding building built in 2023 on 1.65 acres, featuring Family Dollar’s newest prototype for minimal near-term capital needs
Lease runs through August 2033 with 7+ years remaining, ensuring stable and predictable cash flow
Tenant is Family Dollar Stores of North Carolina, LLC, backed by Family Dollar Stores, LLC, a national retailer with 8,000+ locations
Low-management structure with six 5-year renewal options and $5,250 annual rent increases, providing income growth and inflation protection
High-visibility site along Dr. Donnie H. Jones Jr. Blvd near US Route 70, benefiting from 30,680 VPD traffic exposure
Growing population (up to 1.74% annually), solid income demographics ($78K avg. HHI), and ideal conditions for Family Dollar’s long-term success
Cap Rate: 7.75 %

Major Tenants

Tenant SF Occupied Lease End Date
Family Dollar 10,532 SF 8/31/2033

Public Transportation

Commuter RailDriveWalkDistance
13 min - 8.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 36
Type: Surface
Included in Rent: Yes
Matthew Gorman 215-603-6914 CBRE, Inc.
Matthew Gorman 215-603-6914 CBRE, Inc.