1437 E. Sugar Creek Road, Charlotte, NC
Retail for Sale - $1,020,000 - 10,000 Sq. Ft. on 0.95 acres
Property Info
| CIMLS# | 972329 |
| Location 1437 E. Sugar Creek Road Charlotte NC 28205 | |
| Updated | February 13th, 2018 |
| Type | Retail |
| Price | $1,020,000 |
| Building | 10,000 Sq. Ft. |
| Land | 0.95 acres |
Property Description
SVN is pleased to present this 10,000 square foot Dollar General conversion from a Family Dollar in Charlotte, North Carolina leased through June 2025. The rent increases 9.5% on July 1,2020. The landlord is responsible for taxes, insurance, roof and structure. Dollar General remodeled in Q3 2017. The landlord replaced the roof in 2015.
In 2017, Dollar General acquired 330 Family Dollar stores from Sycamore Partners. Sycamore had previously acquired the stores as part of the Dollar Tree\Family Dollar merger.
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:
>> 2017 Conversion to Dollar General
>> 8.0% cap rate, leased through June 2025
>> 9.5% rent increase in July 2020
>> Charlotte urban location
>> Store remodeled in 2017
>> New roof in 2015
* Email for additional photos
