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DG Elizabethtown | Absolute NNN 3944 US Route 701 9,100 SF Retail Building Elizabethtown, NC 28337 $1,205,000 ($132.42/SF) 7% Cap Rate
Investment Highlights
- No landlord responsibilities
- Rate Increase in 5 years
Executive Summary
Dollar General at 3944 US-701 Hwy N, Elizabethtown, NC 28337 presents an attractive absolute net-leased investment opportunity backed by a nationally recognized retailer.
Built in 2016, this 9,100 SF property sits on a 1.28-acre site and is leased to Dollar General under a triple-net structure, offering passive ownership with no landlord responsibilities.
Offered at $1,205,000, the asset delivers a 7.00% cap rate and $84,388 in net operating income. The tenant is operating under a 15-year lease that commenced August 1, 2016 and runs through July 31, 2031, with approximately 5 years remaining on the current term.
*self storage building is not part of this sale and is owned by an unrelated party*
Built in 2016, this 9,100 SF property sits on a 1.28-acre site and is leased to Dollar General under a triple-net structure, offering passive ownership with no landlord responsibilities.
Offered at $1,205,000, the asset delivers a 7.00% cap rate and $84,388 in net operating income. The tenant is operating under a 15-year lease that commenced August 1, 2016 and runs through July 31, 2031, with approximately 5 years remaining on the current term.
*self storage building is not part of this sale and is owned by an unrelated party*
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
C
Year Built
2016
Price
$1,205,000
Price Per SF
$132.42
Cap Rate
7%
NOI
$84,350
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
4.00 AC
Zoning
RA
Not walkable
10/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | 133200673170 | Improvements Assessment | $273,980 |
| Land Assessment | $60,400 | Total Assessment | $334,380 |
Property Taxes
Parcel Number
133200673170
Land Assessment
$60,400
Improvements Assessment
$273,980
Total Assessment
$334,380
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DG Elizabethtown | Absolute NNN | 3944 US Route 701