Freestanding For Sale
9,180 Sq Ft
RTP Capital Advisors is pleased to present Family Dollar in Richlands, NC, located within the Jacksonville MSA. This investment opportunity offers an 8.75% cap rate for an investment grade credit tenant with a corporate guaranty and just under four years remaining on a NN lease.
Family Dollar Stores, Inc was acquired by Dollar Tree, Inc (NASDAQ: DLTR) in July 2015, which today represents approximately 15,000 stores across 48 states and Canada. Dollar Tree is a Fortune 200 Company, and according to their 2018 Annual Report, they reported over $22 billion in net sales delivering their 44th consecutive quarter of positive same-store sales.
Family Dollar is located on the primary commercial corridor and is within approximately a mile of Richlands schools, Town Hall, Onslow County Museum, and significant retailers such as Walmart Supercenter, Food Lion, Dollar General, and numerous well-known restaurants, such as McDonald’s. The Bojangles and Verizon Wireless across the street, as well as the Walmart Supercenter and Taco Bell nearby, were all recently built demonstrating growth and demand in the immediate area.
Richlands, NC is a growing submarket just outside of Jacksonville, NC, the county seat and home to the US Marine Corps’ Camp Lejeune, where an estimated $3 billion in commerce is generated each year. It was previously ranked as one of the fastest growing small cities in the US, according to Forbes.
Family Dollar, in the Jacksonville MSA, offers investors a corporate guaranteed NN leased asset with just under four years remaining. We are pleased to present this investment opportunity for $1,388,000 at an 8.75% cap rate.