5091 Main St, Gibson, NC 28343

Property Description

INVESTMENT HIGHLIGHTS: Corporate Net Lease (STNL) Family Dollar (Family Dollar Stores, Inc.) in Scotland 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 2020-construction 9,180 SF prototype situated on a ±1.47-acre hard corner at NC-79 (Main St) and NC-381 (Hamlet Rd) with combined visibility exceeding 5,400 VPD. 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 $92,500 delivers an immediate 7.52% Cap Rate at an attractive $133.99/SF basis (well below replacement cost). Primary lease term runs through October 31, 2030, with six (6) 5-year renewal options featuring 5.0% contractual escalations (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.