COASTAL NC MARKET | NEAR WILMINGTON, NC • This Family Dollar is located an hour north of Wilmington on Hwy 24 (11,500 VPD). • Wilmington is the principal city of the Wilmington Metropolitan Statistical Area, a metropolitan with a population of 263,429. • The Port of Wilmington is the largest port in NC and has a $13 Billion impact on the States economy. • Tourism generates nearly $600 million annually to Wilmington and employs 6,800 people in the community. • The city is home to University of North Carolina Wilmington which has over 17,600 students and nearly 1,500 faculty members. • Wilmington is also the home of EUE/Screen Gems Studios, the largest domestic television and movie production facility outside California.
JACKSONVILLE, NC | UNITED STATES MARINE CORPS’ CAMP LEJEUNE • The Subject property is located in Beulaville on Hwy 24 (11,500 VPD) which connects this store to downtown Jacksonville and the Coast of North Carolina. • This Store is only 30 minutes west of Jacksonville, NC. • Jacksonville is the 14th-largest city in North Carolina and is the county seat and most populous community of Onslow County. • Jacksonville is home to the United States Marine Corps’ Camp Lejeune and New River Air Station. The base and surrounding community is home to an active duty, dependent, retiree and civilian employee population of approximately 170,000 people. • Camp Lejeune is a training facility that encompasses 156,000 acres and contributes over $3 billion in commerce annually to the Jacksonville economy. • National Retailers in Jacksonville include Publix, Target, Lowes Foods, Best Buy, The Home Depot and more.
BUILD TO SUIT FAMILY DOLLAR • The subject property is a 8,050 SF Build to Suit Family Dollar. • The store was built in 2012 and sits on 0.86 acres of land with two access points.
SHORT TERM LEASE | VALUE ADD OPPORTUNITY • This Family Dollar has 1 year left on a 10 year NN lease with Family Dollar. • Buyer has opportunity to explore a lease extension with Family Dollar and increase the value of the property. • There are five 5-year options remaining with 10% rent increases. • The Lease is NN with minimal landlord responsibilities. • Tenant is responsible for Taxes, Insurance, HVAC & Utilities and Landlord is responsible for roof, structure and parking lot.
INVESTMENT GRADE TENANT • Dollar Tree/Family Dollar is a publicly traded (NYSE:FDO) Fortune 500 company with an S&P investment grade credit rating of BBB. • Dollar Tree/Family Dollar operate 23,000+ stores across 48 states and five Canadian provinces. • The company’s consolidated net sales in 2021 were $26.31 Billion.