What if a single-tenant net lease could generate nearly 7 percent returns and still carry meaningful redevelopment upside? Maher Commercial Realty just listed a Family Dollar property in Raleigh, North Carolina that does exactly that.
Built in 2018 and leased through 2032, the asset generates more than $131,000 in annual NOI under an absolute net lease structure — zero landlord responsibilities, stable income, and a tenant committed through the next decade.
In this video, Oron Maher and Arian Zerehi of Maher Commercial Realty break down why this listing is more than a yield play.
Property highlights:
▶ Annual NOI: $131,000+
▶ Cap Rate: Nearly 7%
▶ Lease: Absolute NNN through 2032
▶ Built: 2018 — below replacement cost
▶ Land: Nearly two acres in the path of major redevelopment
▶ Location: Raleigh, NC — strong population growth market
▶ Nearby: Hundreds of new apartment units planned
Arian Zerehi points out that the real story here is the land. Nearly two acres in the path of major Raleigh redevelopment, with hundreds of new apartment units planned nearby, means this asset carries long-term residual value well beyond the existing tenancy.
Oron Maher adds that investors are buying below replacement cost in one of the Southeast’s strongest population growth markets — with a true hands-off lease structure that requires nothing from the owner until they decide what to do with the land.
California real estate at a 4 cap or North Carolina yield at nearly 7 percent? Visit mahercr.com to see the full listing and decide for yourself.
📍 Maher Commercial Realty — Beverly Hills. NNN and commercial assets across Greater Los Angeles and nationally.
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