Dollar General

Investment 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.

Investment Highlights

• ±9,026 SF retail building on ±1.25 acres
• Single-tenant Dollar General (Dolgencorp, LLC) investment
• Absolute NNN lease with minimal landlord responsibilities
• Dollar General Corporation guaranty
• Current lease expires April 30, 2030
• Four (4) 5-year renewal options with 10% rent increases
• Annual NOI: $87,738
• Offered at $1,300,000
• Cap rate: 6.75%
• Located along US Highway 158 with approximately 17,000 VPD (2024)
• Approximately 5.4 miles from Elizabeth City, NC
• Built in 2015
• Top 5% most visited location in North Carolina (Top 10% nationally per Placer.ai)