Property Listing No Longer Available for Sale

961 Oak Stump Road, Elizabeth City, NC

Retail for Sale - $669,000


Property Info

CIMLS#952919
Location
  961 Oak Stump Road
  Elizabeth City NC 27909
UpdatedOctober 8th, 2017
TypeRetail
Price$669,000

Property Description

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 five 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.<br />

<br />

View Full Listing: <a href="https://realestate.oodle.com/j_a2xx_/4553083932-22666u1097,833-0F2BE7D5FDE3/realestate.oodle.com___ODLSLnKtuoUg_zfiaBqTdPO6ZmRWSqEJ6ic9fsm-MtRhObXXvrcje_FqQeHevOZ4n9ur_43v0xFTrsn505JrCUa0H_3JpTUBh8y-bZYK7Omirz25j5aRzNB7myfi6CguR-9embZe8oKiKKuYmoS6wXKsf_51DkB7umVF9-5YNAy_MZJK1gh-91A,," rel="nofollow">here</a>


Financials