139 US 158 - Freestanding FOR SALE


Camden, NC 27921
$1,300,000 USD
919-576-2500
139 US 158, Camden, NC for Sale
$1,300,000 USD
Freestanding - FOR SALE
1/5
null | 6.75% Cap Rate

139 US 158
Camden, NC 27921


HIGHLIGHTS

  • Absolute NNN lease with minimal landlord responsibilities
  • Annual NOI: $87,738
  • Cap rate: 6.75%
  • Top 5% most visited location in North Carolina (Top 10% nationally per Placer.ai)

OVERVIEW

Rare opportunity to acquire a single-tenant Dollar General investment property in Camden, North Carolina, leased to Dolgencorp, LLC and backed by a Dollar General Corporation guaranty. The ±9,026 SF building sits on approximately ±1.25 acres along US Highway 158 with approximately 17,000 vehicles per day (2024). The property is subject to an Absolute NNN lease, providing minimal landlord responsibilities, with the tenant responsible for operating expenses, maintenance, repairs, insurance, utilities, and real estate taxes. The current lease extends through April 30, 2030, with four 5-year renewal options featuring 10% rental increases, offering investors stable cash flow and long-term income growth. Located approximately 5 miles from Elizabeth City, the property serves the surrounding Camden County market while benefiting from Dollar General's established national retail platform.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

CC

APN/PARCEL ID

02.8934.01.28.3106.0000

ASK ABOUT THIS PROPERTY

Jake PlotkinLee & AssociatesMore Info
919-576-2500

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Jake PlotkinLee & AssociatesMore Info
919-576-2500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.