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Dollar General 413 W Queen St 9,600 SF Retail Building Edenton, NC 27932 $680,000 ($70.83/SF) 8.25% Cap Rate
Investment Highlights
- Proven Long-Term Commitment – This Dollar General has been successfully operating at this location since 2003.
- Attractive Rental Growth – The lease features a 12% rental increase scheduled in the next renewal option.
- Essential Retailer – Dollar General has been considered an essential retailer
- Recent 5-Year Lease Extension – In a clear demonstration of continued success, Dollar General recently executed an additional 5 year lease extension.
- Investment-Grade Tenant Security – Benefit from the security of a lease guaranteed by Dollar General
Executive Summary
Kyle Matthews
License # C38369 (NC)
Matthews
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # C38369 (NC)
Matthews
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,600 SF
Building Class
C
Year Built
1967
Price
$680,000
Price Per SF
$70.83
Cap Rate
8.25%
NOI
$56,100
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.35 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | 780406398783 | Improvements Assessment | $746,318 |
| Land Assessment | $51,000 | Total Assessment | $797,318 |
Property Taxes
Parcel Number
780406398783
Land Assessment
$51,000
Improvements Assessment
$746,318
Total Assessment
$797,318
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Dollar General | 413 W Queen St
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