8.08% Cap Rate NN Dollar General with 2nd Renewal

Elizabeth City, North Carolina, known as the “Harbor of Hospitality,” is a vibrant waterfront community located along the Pasquotank River. It is home to one of the largest U.S. Coast Guard bases in the country, playing a vital role in national defense, search and rescue, and maritime safety. The city is also the proud host of Elizabeth City State University (ECSU), a historically Black university renowned for its aviation science and business programs, contributing significantly to the region’s educational and cultural vibrancy. Additionally, the Elizabeth City Regional Airport serves as a hub for general aviation and supports both civilian and military operations, further highlighting the city’s strategic importance in the area.This 2009-built Dollar General property in Elizabeth City, NC, offers a stable and high-performing investment opportunity. The store boasts a strong operating history and is currently in its second renewal period, demonstrating Dollar General's commitment to this location. Strategically positioned within a growing market, the property has recently undergone a capital upgrade, with all coolers replaced to enhance operational efficiency and customer experience. The double net lease (NN) structure places minimal management responsibilities on the owner while ensuring a reliable income stream from a nationally recognized tenant. With a proven track record of success, long-term tenancy, and recent improvements, this Dollar General is an excellent addition to any investment portfolio.