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23027245
23027244

13075 NC-242, Elizabethtown, NC 28337

TB
MA 9539741, ME BR920094 (+4)
District Real Estate Advisors
GL
MA 9583391
District Real Estate Advisors
Listed by District Real Estate Advisors
$2,034,586
413 days on market
Updated 90 days ago

NEW NORTH CAROLINA DG | 5% RENT BUMPS EVERY 5 YEARS

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 10,640
Cap Rate 6.65%
NOI $135,300
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 04/30/2040
Remaining Term 13.9
Rent Bumps Yes
Lease Options 5x5 Options w/ 5% Increases In Each
Price per SqFt $191
Broker Co-Op Yes
Year Built 2025
Buildings 1
Acreage 1.810
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/17/2025
Occupancy Date 04/17/2025

New North Carolina DG - New Construction 2025 - DG Prototype 10,640 SF

Marketing description

13075 NC-242 features all new 2025 construction consisting of approximately 10,640 SF sitting directly at the intersection of NC 242, Old Fayetteville Road and Ammon Community Center Road. The location has combined daily traffic counts at the intersection of 3,200 ADT. The lease features attractive 5% rent increases every 5 years throughout the lease. The property is ideally located directly on a +/- 2.25 acre parcel at a main connector for commuters heading north and south. The township is within Bladen County and is the county seat - located just 15 miles from White Lake, 26 miles from Fayetteville and 66 miles from Wilmington. The nearest Dollar General is located 13 miles north in Roseboro, 13.5 miles south in White Lake and 16 miles west in Tar Heel. This location will pull from a large established trade area and be a very convenient location allowing Dollar General to offer a wider variety of items including produce, meat and other foods. This store allows customers closer access to fresh and healthier foods at a convenient location with everyday low prices.

Elizabethtown, NC presents the rare opportunity to own an asset with new 2025 construction with a lease featuring attractive 5% rent increases every 5 years throughout the lease. The property is ideally positioned in an underserved market with a long term lease and a corporate guaranty. This 10,640 SF building sits on a +/- 2.82 acre parcel directly at the intersection of NC 242, Old Fayetteville Road and Ammon Community Center Road. The location has combined daily traffic counts at the intersection of 3,200 ADT.

The town is within Bladen County, which is the county seat. The town is a hidden gem, offering some of the best lakes and state parks in the region. Situated between Fayetteville (26 miles to the north) and Wilmington (66 miles to the south), it’s perfectly positioned for adventure. The town is a gateway to outdoor paradise, with attractions like Jones Lake State Park, White Lake, and Singletary Lake State Park nestled within the sprawling 36,000-acre Bladen Lakes State Forest. The picturesque Cape Fear River winds through the town, providing ample opportunities for boating, fishing, hiking, and walking. White Lake, in particular, is a local favorite, drawing over 200,000 visitors each summer. Surrounded by motels, cottages, RV parks, and campgrounds, this tranquil lake has earned its title as the “Nation’s Safest Beach.” With no currents, tides, or hidden dangers, the lake offers clear waters perfect for swimming, water-skiing, wakeboarding, jet skiing, and fishing. Visitors can also enjoy canoeing, kayaking, golfing, and a lively lakeside amusement park. Each year, the White Lake Water Festival celebrates the area with music and festivities, attracting even more visitors during the third weekend of May. For travelers along US Route 701 and the many guests flocking to White Lake each summer, this location is poised to be the ideal spot for relaxation and adventure. The property is located just 15 miles from White Lake, 26 miles from Fayetteville, 32 miles from Lumberton, and approximately 66 miles from downtown Wilmington.

Investment highlights

  • 2025 Construction

  • 10,640 SF Prototype

  • 5% Rent Bumps Every 5 Years

  • Just 26 miles from Fayetteville

Listing Contacts

TB
MA 9539741, ME BR920094 (+4)
District Real Estate Advisors
GL
MA 9583391
District Real Estate Advisors
Listed by District Real Estate Advisors

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$135,300.00
$11,275.00/mo

Valuation Metrics

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DSCR
6.65%
Cap Rate
6.65%
ROI

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