3944 US Route 701 - Freestanding FOR SALE


Elizabethtown, NC 28337
$1,205,000 USD
828-707-5221
3944 US Route 701, Elizabethtown, NC for Sale
$1,205,000 USD
Freestanding - FOR SALE
1/3
null | 7% Cap Rate

3944 US Route 701
Elizabethtown, NC 28337


HIGHLIGHTS

  • No landlord responsibilities
  • Rate Increase in 5 years

OVERVIEW

Dollar General at 3944 US-701 Hwy N, Elizabethtown, NC 28337 presents an attractive absolute net-leased investment opportunity backed by a nationally recognized retailer. Built in 2016, this 9,100 SF property sits on a 1.28-acre site and is leased to Dollar General under a triple-net structure, offering passive ownership with no landlord responsibilities. Offered at $1,205,000, the asset delivers a 7.00% cap rate and $84,388 in net operating income. The tenant is operating under a 15-year lease that commenced August 1, 2016 and runs through July 31, 2031, with approximately 5 years remaining on the current term. *self storage building is not part of this sale and is owned by an unrelated party*

FOR SALE DETAILS

PRICE

$1,205,000 USD

PRICE/SF

$132 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DG Elizabethtown | Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

RA

APN/PARCEL ID

0138718,133200673170

ASK ABOUT THIS PROPERTY

Keoki KimzinG/M Property GroupMore Info
828-707-5221

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Keoki KimzinG/M Property GroupMore Info
828-707-5221

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