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141 NC Highway 34 N 9,014 SF Retail Building Camden, NC 27921 $1,300,000 ($144.22/SF) 6.75% Cap Rate



Investment Highlights
- Absolute NNN lease with minimal landlord responsibilities
- Cap rate: 6.75%
- Annual NOI: $87,738
- Top 5% most visited location in North Carolina (Top 10% nationally per Placer.ai)
Executive Summary
Rare opportunity to acquire a single-tenant Dollar General investment property in Camden, North Carolina, leased to Dolgencorp, LLC and backed by a Dollar General Corporation guaranty. The ±9,026 SF building sits on approximately ±1.25 acres along US Highway 158 with approximately 17,000 vehicles per day (2024). The property is subject to an Absolute NNN lease, providing minimal landlord responsibilities, with the tenant responsible for operating expenses, maintenance, repairs, insurance, utilities, and real estate taxes. The current lease extends through April 30, 2030, with four 5-year renewal options featuring 10% rental increases, offering investors stable cash flow and long-term income growth. Located approximately 5 miles from Elizabeth City, the property serves the surrounding Camden County market while benefiting from Dollar General's established national retail platform.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,014 SF
Building Class
B
Year Built
2015
Price
$1,300,000
Price Per SF
$144.22
Cap Rate
6.75%
NOI
$87,738
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.30 AC
Opportunity Zone
Yes
Zoning
CC
Parking
36 Spaces (3.99 Spaces per 1,000 SF Leased)
Frontage
150’ on US Highway 158
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 02.8934.01.28.3106.0000 | Improvements Assessment | $929,382 |
| Land Assessment | $338,000 | Total Assessment | $1,267,382 |
Property Taxes
Parcel Number
02.8934.01.28.3106.0000
Land Assessment
$338,000
Improvements Assessment
$929,382
Total Assessment
$1,267,382
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141 NC Highway 34 N
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