Discount
Dollar General | Absolute NNN | Rare Coastal Market Offering
401 W Ehringhaus St, Elizabeth City (Outer Banks), NC 27909
Listing Price: $1,400,000
Investment Overview
Marcus & Millichap is pleased to present for sale the Dollar General located in Elizabeth City, North Carolina.
Dollar General operates under an absolute, triple-net lease and has approximately 6.5 years remaining on the firm term of their lease. The lease calls for four, five-year renewal options, each option period having a 10% rental increase.
The Property is located in Elizabeth City, along the Pasquotank River, which leads directly into the Atlantic Ocean. Elizabeth City is known as the Harbor of Hospitality and is known for the outdoor activities that locals and tourist patriciate in year-round (i.e. Boating, Golfing, Hiking, Kayaking, etc.)
Dollar General | Absolute NNN | Rare Coastal Market Offering
Investment Highlights
- Rare Coastal Market Offering | Near Major Tourist Destinations
- Absolute NNN Lease | Zero Landlord Responsibilities | Rental Increases
- Main Retail Corridor Location | Various National Retailers Nearby
- Fortune 500 Retailer | Growth Market | Recent Economic Investments
Exclusively Listed By
Broker of Record
-
Donald Gilchrist
First Vice President Investments
Discount
Dollar General | Absolute NNN | Rare Coastal Market Offering
Listing Price: $1,400,000
Investment Highlights
- Rare Coastal Market Offering | Near Major Tourist Destinations
- Absolute NNN Lease | Zero Landlord Responsibilities | Rental Increases
- Main Retail Corridor Location | Various National Retailers Nearby
- Fortune 500 Retailer | Growth Market | Recent Economic Investments
Investment Overview
Marcus & Millichap is pleased to present for sale the Dollar General located in Elizabeth City, North Carolina. Dollar General operates under an absolute, triple-net lease and has approximately 6.5 years remaining on the firm term of their lease. The lease calls for four, five-year renewal options, each option period having a 10% rental increase. The Property is located in Elizabeth City, along the Pasquotank River, which leads directly into the Atlantic Ocean. Elizabeth City is known as the Harbor of Hospitality and is known for the outdoor activities that locals and tourist patriciate in year-round (i.e. Boating, Golfing, Hiking, Kayaking, etc.)
Exclusively Listed By
Broker of Record
-
Donald Gilchrist
First Vice President Investments
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