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0 Baths
8,400 sqft

$1,155,000

7448 Andrew Jackson Highway SW, Cerro Gordo NC, 28430

Price per sqft$137.50
Built in2019
Property size8,400 sqft
Property typeCommercial
Listing courtesy of Pillai Realty LLC

Overview

Active

Listed Nov 5, 2026

Updated 26h ago

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.

Additional information

MLS® ID
10201810

Interior Features

Bathrooms
0
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
1.22 Acres
MLS provider logo

Listed by Sridhar Boyina, , Pillai Realty LLC

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Data last updated 4:23 AM UTC, 11/6/2026

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