6288 US 264-ALT
Sims, NC
| PRICE | $1,794,117 |
| CAP RATE | 6.8% |
| NOI | $122,000 |
| ESTIMATED DELIVERY DATE | January 30, 2024 |
| LEASE TYPE | NN+ |
| LANDLORD RESPONSIBILITIES | Roof and Structure |
| RENTAL INCREASES | Rent Increases at each option |
| RENEWAL OPTIONS | (6) 5-Year Options |
| BUILDING SIZE | 10,500 SF |
| LOT SIZE | 1.42+/- Acres |
| YEAR BUILT | 2023 |
| TMS | Wilson County 2783-03-0071.000 |
Oswald Cooke & Associates is pleased to offer a new construction 10-Year NN+ leased Corporate Family Dollar/Dollar Tree Combo Store. The lease is fixed during the initial term and offers bumps in all options. The Landlord is responsible for roof and structure. The estimated delivery date will be January 30, 2024. A building warranty and a 20-year roof warranty will transfer with the property. The 1.42 acre parcel is situated on a commuter road, about 30 miles east of Raleigh and serves the Sims community. Raleigh is part of the “Research Triangle” and has the 3rd fastest growing economy in the nation. Family Dollar/Dollar Tree combination store is a new concept targeting rural markets of 3,000-4,000 residents. There are currently 800+ locations open and over 3,000 markets targeted.
Sims, NC