Dollar Tree
HIGH QUALITY CONSTRUCTION | FREESTANDING BUILDING | STRONG PLACER AI RANKING
Marketing description
Dollar Tree at 1825 East 10th Street, Roanoke Rapids, NC 27870 presents a compelling net-leased investment opportunity featuring an 11,200 SF freestanding retail building on 1.56 acres in one of Roanoke Rapids’ primary retail corridors. Positioned near the Interstate 95 corridor and surrounded by national retailers, restaurants, and service providers, the property benefits from strong regional draw and consistent consumer traffic.
Leased to Dollar Tree, a publicly traded Fortune 500 company (NASDAQ: DLTR), the asset offers the stability of a corporate-guaranteed NN lease with minimal landlord responsibilities. The current 7-year term commenced January 1, 2024, providing long-term income visibility, with two 7-year renewal options and 4% rental increases in the option periods.
This established retail location previously operated as a pharmacy, underscoring the site’s long-term viability and strong real estate fundamentals. The property also boasts a strong Placer AI ranking, placing in the 66th percentile nationwide and 75th percentile statewide. Serving more than 25,900 residents within a 5-mile radius, this offering combines dependable cash flow, strategic location, and durable tenant credit in a proven regional retail hub.
Investment highlights
- Double Net Lease: Requires minimal landlord responsibilities (Roof, Structure, & Parking Lot (Replacement Only)
- Corporate-Guaranteed Lease – 100% leased to Dollar Tree, a publicly traded Fortune 500 company (NASDAQ: DLTR)
- Strong Placer AI Ranking: 66th Percentile Nationwide (2,877 of 8,498 Locations) & 75th Percentile Statewide (80 of 328 Locations)
- Long-Term Lease in Place – The tenant recently executed a new 7- year lease that commenced January 1, 2024
- Attractive Rental Increases – Lease includes two (2), 7-year renewal options with 4% rental increases
- Established Retail Location – The 11,200 SF freestanding store sits on 1.56 acres served the market as a former pharmacy before converting to a Dollar Tree, demonstrating long-term viability of the location.
- Strategic Regional Retail Hub – Located in Roanoke Rapids, the primary commercial center for Halifax County and a regional trade hub serving surrounding rural communities.
- Strong Traffic from Interstate Corridor – The area benefits from proximity to Interstate 95, a major north–south transportation corridor driving consistent local and traveler retail demand.
- Solid Area Demographics – The property serves over 25,900 residents within a 5-mile radius with average household incomes exceeding $64,000, supporting ongoing retail activity.
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