Currituck NC Dollar Tree built in 2022 initial term ends Dec 2032
Commercial Building For SaleIncome Producing Property
$ 1,875,000.00
- Property ID: 3631
- Date added: 06/07/24
- Post Updated: 2025-10-10 16:22:57
- Bathrooms: 2
- Floors: 1
- Status: Active
- Area: 10532 sq ft
- Lot size: 2 acres
- Year built: 2022
Description
Recently constructed in 2022, this 10,532 square foot building on 2 acres was originally a Family Dollar Dollar Tree that recently converted to a Dollar Tree when DT sold FD. Lease term runs through Dec 2032 with 5 options to renew at 5 years each with a $0.50 per sq ft rent bump with every option. Current NOI through 2032 is $134,925 making this sale a 7.196% cap rate. Large +/- 8,500 sq ft retail floor, 2 restrooms, office, and warehouse/storage in the rear. LED lighting, 4 Carrier HVAC units with Natural Gas, sprinkler system for landscaping, dumpster corral, pylon sign, 37 parking spaces, LED parking lot lights, metal roof. Turnkey opportunity for a business to owner occupy or a Landlord Investor to purchase and lease out to a Tenant. Sellers reserve rights to buy out the 8+ year remaining lease which would pay out $1.135M if left in place. Call Broker to discuss if Buyer is interested in keeping lease in place.
View on map / Neighborhood
Features
- Commercial Zoning
- Pylon signage in place
- Survey on file
- Daily Traffic Count of 30000
- Dumpster pad
- Recently built
- parking lot lights on poles
- Not in a flood zone
- Handicapped access
- Freestanding Building
- Landscaping
- Private Parking
- Retention pond in place
Agent
This style property is located in Currituck is currently Commercial Building For Sale Income Producing Property and has been listed on The Rich Company. This property is listed at $ 1,875,000.00. It has 2 baths bathrooms, and is 10532 sq ft. The property was built in 2022 year.
