Property Listing No Longer Available for Sale

1437 E. Sugar Creek Road, Charlotte, NC

Retail for Sale - $893,000 - 10,000 Sq. Ft. on 0.95 acres


Property Info

CIMLS#847838
Location
  1437 E. Sugar Creek Road
  Charlotte NC 28205
UpdatedDecember 28th, 2016
TypeRetail
Price$893,000
Building10,000 Sq. Ft.
Land0.95 acres

Property Description

Sperry Van Ness is pleased to present this 10,000 square foot Family Dollar in Charlotte, North Carolina leased through June 2020. The landlord is responsible for taxes, insurance, roof and structure. The tenant remodeled in 2011 with new signage, exterior and interior paint, wider shelving, interior and exterior security cameras and parking lot resurfacing. The landlord replaced the roof in 2015.

In 2015, Dollar Tree acquired Family Dollar. This store is within 1 mile of a Dollar Tree store and therefore was among the 330 Family Dollar stores sold to Sycamore Partners in order for Dollar Tree to meet federal regulators' competition requirements. Presently, all 330 stores continue to operate under the Family Dollar name.

Sycamore Partners, a private company with over $3.5 billion under management, owns the following retailers: Talbots, Aeropostale, Hot Topic, Torrid, Coldwater Creek and Nine West.

Location Description:

Charlotte is the largest city in North Carolina with a population over 790,000. The location is 3 miles northeast of downtown on East Sugar Creek Road, a 4 lane undivided artery running between Interstate 85 and Highway 74.

Highlights:

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Financials

Sales Info:

>> Commision split: 4.0%


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