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Dollar Tree Net Lease Investment Opportunity | New Construction | 6.4% Cap Rate

1318 South Main Street
Graham, NC 27253
PRICE : $2,232,890
CAP RATE: 6.4%


  • New construction Dollar Tree, with plans to open in the Fall of 2023
  • Ten year NN+ lease with 4 five year options and limited landlord responsibilities
  • Superior location with traffic counts of over 16,500 VPD and a five-mile population of almost 17,000
  • Strategic location in Burlington, NC MSA close to Interstate 40/85 and midway between Greensboro and Raleigh/Durham
  • Immediate area has robust retail corridor with many national retailers
  • Major area employers include Alamance Regional Medical Center, LabCorp, Elon University, The Fresh Market, Volvo Trucks and Graham Schools
  • Dollar Tree has proven success and is a strong corporate guarantor at a strong 6.4% cap rate
  • Bull Realty North Carolina License #: C17910


This new construction Dollar Tree with a planned November/December 2023 opening, is located in Graham, NC, the county seat of Alamance County, part of the Burlington, NC MSA. The ± 10,500 SF building is on South Main Street with traffic counts of 16,500+ VPD. The 10-year NN+ lease has minimal landlord responsibilities and features four 5-year renewal options with rent increases in each option period.

The Tenant fully reimburses the Landlord for property taxes and property insurance and is responsible for the interior, all utilities, HVAC maintenance and routine maintenance of the parking lot and landscaping, including snow removal. Landlord responsibilities are limited to roof, structure, fire sprinkler system, capital expenses for parking lot, and landscaping.

Graham is located just over a mile south of Interstate 40/85 and is nearly midway between Greensboro and Raleigh/Durham, NC – about 30 minutes to each location. This densely populated area has a population of over 16,800+ within 5 miles with an average household income of $76,704. Graham has a robust retail trade area which includes Dollar General, Food Lion, O’Reilly Auto Parts, Sheetz, Wendy’s, Arby’s Bojangles’, and Popeye’s. Nearby, in the Burlington MSA, are prestigious Elon University and the worldwide headquarters of LabCorp.

Dollar Tree, based in Chesapeake, VA operates over 16,300 retail stores under the Dollar Tree, Family Dollar, and Family Dollar/Dollar Tree brands in 48 states and Canada. They continue to demonstrate record sales with a net sales increase of 7.6% ($28.3B) in 2022 and same store sales growth of 9%, making them an outstanding corporate guarantor with a strong leadership team, including the former head of Dollar General.

This offering is competitively priced as can be seen in the chart on Page 10 at $2,232,890 or a 6.4% cap rate.

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