Sands Investment Group is Pleased to Exclusively Offer For Sale the Walgreens / Dollar Tree Sublease Located at 5811 Prosperity Church Road in Charlotte, North Carolina.
Absolute Triple Net (NNN) Walgreens Lease With Zero Landlord Responsibilities
Tenant and Subtenant Remained Open During COVID and Did Not Miss Any Rent Payments
15,236 SF Building Situated on 1.45 Acres With Over 54 Parking Spaces on Site, a Drive-Thru and Potential Opportunity For a Kiosk
Strategically Located With a Population of Over 136,169 Residents Making an Average Household Income of $94,023 Within a 5-Mile Radius of the Property
Located Directly Across the Street From the Pointe at Prosperity Village, a Newly Constructed (2017) 292-Unit Class A Apartment Community
Located at a Signalized Intersection With Ridge Rd and Less Than ¼-Mile From I-485, Which Sees Over 123,800 VPD Providing Great Exposure
Convenient Location – Only 20 Minutes From Uptown Charlotte
Part of the Thriving Charlotte MSA, Which is Home to Over 3,000,000 Residents
High Growth Submarket – Projected Annual Growth of 2.5% Through 2025 Within a 5-Mile Radius
Positioned Within a Strong Retail Corridor With Nearby Tenants Including: Publix, ALDI, Harris Teeter, Chick-fil-A, Bojangles’, Pep Boys and More
In Cooperation With Sands Investment Group North Carolina, LLC – Lic. #29362 | BoR: Amar Goli – Lic. # 310575
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities
Tenant Overview
Dollar Tree Stores, Inc., is an American chain of discount variety stores that sells items for $1 or less. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates over 15,479 stores throughout the 48 contiguous U.S. state and five provinces in Canada. Its stores are supported by a nationwide logistics network of eleven distribution centers. The company operates one-dollar stores under the names of Dollar Tree and Dollar Bills. The company also operates a multi-price-point variety chain under Family Dollar.
Dollar Tree competes in the dollar store and low-end retail markets. Each Dollar Tree stocks a variety of products including national, regional, and private-label brands. Departments found in a Dollar Tree store include health and beauty, food and snacks, party, seasonal décor, housewares, glassware, dinnerware, household cleaning supplies, candy, toys, gifts, gift bags and wrap, stationery, craft supplies, teaching supplies, automotive, electronics, pet supplies, and books. Most Dollar Tree stores also sell frozen foods and dairy items such as milk, eggs, pizza, ice cream, frozen dinners, and pre-made baked goods. In August 2012, the company began accepting manufacturer’s coupons at all of its store locations.