Bull Realty is pleased to offer FOR SALE this Dollar General, located in Elizabeth City, NC, which has been such a strong performer, that the tenant approached the landlord for an early lease extension. This 9,100 SF store, built in 2003, has a remaining lease term through January of 2023 and five 5 year remaining extension options. Located on a 0.93+/- acre corner site, just north of Northeastern High School, the subject is surrounded by a busy retail trade area just off US 17, the main traffic artery from the mainland of NC to the Outer Banks.

Dollar General has shown a strong commitment to this store by replacing all the HVAC units, at their expense, in 2015. In addition, they provide a generous CAM allowance for landscaping and parking lot maintenance. Offered at a 7.6% cap rate, this is a rare and ideal investment for someone looking for minimal landlord responsibilities, outstanding real estate and a successful corporate guaranteed national credit tenant.

Location Description:

Elizabeth City is a picturesque town, located 50 miles south of Norfolk, VA and just west of the famed North Carolina Outer Banks. It is situated in the northeastern corner of North Carolina, on the Pasquotank River and the Intracoastal Waterway. The area is noted as one of the