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9.38% Cap - Dollar General with 2nd Renewal 1903 Weeksville Rd 9,640 SF Retail Building Elizabeth City, NC 27909 $925,000 ($95.95/SF) 9.39% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Performance History
- Currently in 2nd Renewal Option
- Close proximity to Elizabeth City State University, US Coast Guard Base & Elizabeth City Regional Airport
EXECUTIVE SUMMARY
Strategically positioned within a growing market, the property has recently undergone a capital upgrade, with all coolers replaced to enhance operational efficiency and customer experience. The double net lease (NN) structure places minimal management responsibilities on the owner while ensuring a reliable income stream from a nationally recognized tenant.
With a proven track record of success, long-term tenancy, and recent improvements, this Dollar General is an excellent addition to any investment portfolio.
Tenant: Dollar General (BBB Credit Rating via S&P). Limited Landlord Responsibilities (NN Lease).
PROPERTY FACTS Under Contract
AMENITIES
- Pylon Sign
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
- -
DG is proud to be America’s neighborhood general store. They strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 8922568793 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,078,500 |
PROPERTY TAXES
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9.38% Cap - Dollar General with 2nd Renewal | 1903 Weeksville Rd
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