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For Sale
Kenly, NC Dollar Tree
1530 Williams Street Columbia, SC 29201 (803)-446-4457 [email protected]
National Asset Realty, LLC Joe Pope
1530 Williams Street
Columbia, SC 29201
803-446-4457 (c)
Exclusive Offering: $1,117,000 7.7% Cap Rate
100 West Jones Street
Kenly, NC 27542
1530 Williams Street Columbia, SC 29202 (803)-446-4457 [email protected]
Investment Information:
Tenant: Dollar Tree, Inc
Location: 100 West Jones Street
Kenly, NC 27542
Building: 8,050 SF
Site: .98+/- Acres
Built: 2013
Lease Expiration: April 30, 2023
Lease: NN Minimal Landlord Responsibilities
Annual Rent: $86,000
Options: 5 Five Year Options with 10% Rental Increases
For Each Option Period
Building: Single-Tenant Freestanding Block Front Store
Taxes and Insurance: Tenant Reimburses Landlord
Tenant Responsibilities: HVAC Maintenance and Repair, Landscaping,
Plate Glass, Doors, and Building Interior
Landlord Responsibilities: Foundation, Parking Lot, Roof and Structure
1530 Williams Street Columbia, SC 29201 (803)-446-4457 [email protected]
This Dollar Tree store is conveniently located on US Hwy 301 (W. Jones Street) and within one block of I-95 in Kenly, NC. Kenly is part of the Raleigh MSA. The store was built originally as a Family Dollar in 2013, but was converted into a Dollar Tree in 2016. Within a half of a mile from this location there is a Food Lion, McDonalds, Subway, O’Reilly Auto Parts, Quality Inn, Dollar General and four convenience stores. This location offers great access and visibility. Jones Street has an average traffic of over 10,000 vehicles per day. This Dollar Tree has 41 parking spaces and the asphalt parking lot is in great shape. The tenant is responsible for the landscaping, trash and snow removal. The tenant is also responsible for the HVAC maintenance and repair. The current lease expires on April 30, 2023. It has 5 five year options with 10% rental increase for each option period.
Dollar Tree, Inc. is an American owned company that began in 1953. Its headquarters are located in Chesapeake, VA. It is a Fortune 500 company…(NASDAQ: DLTR) . They operate 13,600 stores in the continental US and Canada. Their discount stores sell every day items for $1.00 or less. In July 2015, Dollar Tree completed its acquisition of Family Dollar for roughly $9.2 Billion.
1 1530 Williams Street Columbia, SC 29201 (803)-446-4457 [email protected]
Kenly Ford
1530 Williams Street Columbia, SC 29201 (803)-446-4457 [email protected]
100 West Jones St.
Kenly, NC 27542
Demographics:
Demographics
2017
1
Mile
Radius
3
Mile
Radius
5
Mile
Radius
Population:
1,629
3,625
18,473
Total
Households
679
1,435
3,312
Median
Household
Income
$40,767
$41,306
$41,131
Average
Household
Income
$57,404
$57,233
$55,427
Per
Capita
Income
$23,019
$22,814
$21,753
Disclaimer
The information contained in this offering memoranda has been prepared to provide a summary of information. It does not purport to be all-inclusive and is not a substitute for a thorough due diligence investigation. The owner and its representatives make no warranty or representation as to the accuracy of this information.
National Asset Realty has not verified and will not verify any of the information contained within. The information contained in the offering memorandum has been obtained from sources we believe to be reliable. No legal obligations shall rise from the contents of this memorandum.
By receipt of this memorandum you agree that the information within is of a private nature and that you will keep it confidential. You also agree to hold National Asset Realty harmless from any claim or liability throughout your investigation and or purchase of the property.
National Asset Realty represents the Seller of this property.
1 1530 Williams Street Columbia, SC 29201 (803)-446-4457 [email protected]
