961 Oak Stump Rd
Elizabeth City, NC 27909
Dollar General · Retail Property For Sale

The subject property consists of a 9,100 square foot, freestanding Dollar General Store situated on a .93 acre parcel and located in Elizabeth City, NC. Dollar General recently executed an early 5-year extension to the lease providing for ~8.3 years of remaining base term. with this recent extension, Dollar General will have maintained an operating history of 25 years at this store. The tenant’s commitment to this location is in large part due to paying a base rent that is well below Dollar General’s store network average. The lease is NN lease with minimal landlord responsibilities (roof and structure, HVAC repairs over $500). Elizabeth City is located just 40 miles southwest of Norfolk, VA, 60 miles southwest of Virginia Beach, VA and just 6 miles west of Elizabeth City Regional Airport and is the County Seat of Pasquotank. Elizabeth City sits just off U.S. Hwy 158, a heavily trafficked highway passing over the Pasquotank River heading to the coastline of NC. The property is surrounded by commerce and several other national tenants including: Food Lion, Big Lots, Subway, Hardee’s, Lowe’s Home Improvement, Panera Bread, Chick-fil-A, Harbor Freight Tools and Planet Fitness to name a few. Demographics indicate a population of 31,690 within a 5-mile radius of the subject property with median HH incomes of $47,998.