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1216 E Memorial Dr, Ahoskie, NC, 27910

Family Dollar
$1,377,246

Key Information

Cap Rate
8.35%
Year Built
2014
Type
Retail
NOI
$115,000
Leasable Area
8,400

Highlights

  • 2014 build-to-suit construction for Family Dollar
  • ±6.75-Years remaining on a 10-Year lease
  • Tenant recently extended their lease to a new full 10-year term
  • Five, 5-Year renewal options remain; all of which include a 5% rent increase
  • Family Dollar has successfully operated at this location for 10 years, proving its commitment to the location and market
  • ±16,000 vehicles daily at the intersection of E Memorial Drive
  • The 3-Mile population of ±8,787 residents
  • The 5-Mile population of ±16,892 residents
  • Family Dollar, a major national discount retailer with more than 8,000 stores across 48 states, has been acquired for roughly $1 billion by Brigade Capital Management, Macellum Capital Management, and Arkhouse Management Co.
  • Now operating as an independent company, Family Dollar benefits from both fresh capital and significant retail expertise. This backing is expected to accelerate store upgrades and drive operational improvements. With its proven value-focused model and strong presence in local communities, Family Dollar continues to serve as a resilient anchor tenant, positioned for sustained growth in the years ahead.

Photos

Location

Agents

Financing Agents

Broker of Record

Brian Brockman

License # 298998 (NC)
Bang Realty, Inc.
11427 Reed Hartman Hwy Suite 236, Cincinnati, OH 45241