7448 Andrew Jackson Hwy Sw, Cerro Gordo, NC 28430

Property Description

INVESTMENT HIGHLIGHTS: Corporate Net Lease (STNL) Family Dollar (Family Dollar Stores, Inc.) in Columbus County, NC. Ideal bite-sized, turnkey 1031 exchange replacement asset featuring a corporate guarantee, zero landlord operational friction, and stable, predictable cash flow below replacement cost. Modern 2019-construction 8,400 SF prototype situated on a ±1.22-acre hard corner at Andrew Jackson and Haynes Lennon Highway with the local US-74 business corridor. Operating under an institutional NNN lease structure with zero CAM exposure and full tenant reimbursement of real estate taxes and casualty insurance. In-place NOI of $85,458 delivers an immediate 7.4% Cap Rate at an attractive $137.50/SF basis (well below replacement cost). Primary lease term runs through March 31, 2029, with six (6) 5-year renewal options featuring 7.5% contractual rental increases (yielding over 10.0% on cost). Proven store-level customer loyalty that consistently exceeds annual unit targets despite nearby national co-tenancy. Excellent 1031 exchange replacement asset.