Listed by CBRE - Saddle Brook
$1,585,575
Dollar General - Elizabeth City, NC
Details
APN 891504616241
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,014
Units 1
Cap Rate 7.5%
NOI $118,918
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 21.4
Lease Expiration 05/31/2031
Remaining Term 5
Rent Bumps Yes
Lease Options Four 5-Year
Price per SqFt $176
Year Built 2010
Acreage 1.500
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 01/09/2010
Ground Lease No
Ownership Fee Simple
Absolute Net | Recent Lease Extension | Robust Demographics
Investment highlights
- Absolute Net Lease with No Landlord Responsibilities
- Corporate Guarantee with Investment Grade Credit Tenant
- Scheduled Rent Increases in each Option
- Recent Lease Extension Showing Tenant’s Commitment to the Site
- Robust Demographics with 31,000+ People Residing in Five Miles and an Average Household Income Exceeding $86,000
- Located in a Primary Retail Corridor | Food Lion, McDonald’s, Taco Bell, DaVita Dialysis, and More
Listing Contacts
Listed by CBRE - Saddle Brook
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$118,918.00
$9,909.83/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
