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413 W Queen Street, Edenton, NC, 27932

Dollar General
$680,000

Key Information

Cap Rate
8.25%
$ per SF
$78
Tot. SF
9,600
Year Built
1967
Term Remaining
±4.8 YRS
Type
Retail
NOI
$56,110

Highlights

  • Proven Long-Term Commitment – This Dollar General has been successfully operating at this location since 2003 and DG has exercised three lease extensions, demonstrating a strong, long-term commitment to the site.
  • Recent 5-Year Lease Extension – In a clear demonstration of continued success, Dollar General recently executed an additional five-year lease extension, reaffirming its ongoing dedication to this location. This renewal highlights the store’s strong sales history, consistent customer base, and strategic importance within Dollar General’s national portfolio.
  • Attractive Rental Growth – The lease features a 12% rental increase scheduled in the next renewal option, providing investors with built-in income growth and a hedge against inflation. This rental escalation enhances long-term yield and supports strong projected returns for future ownership periods.
  • Investment-Grade Tenant Security – Benefit from the security of a lease guaranteed by Dollar General, which holds an investment-grade credit rating of BBB (S&P) and boasts a substantial market capitalization of approximately $20 billion.
  • Essential Retailer – Dollar General has been considered an essential retailer and has proven to be one of the most profitable companies through the COVID-19 pandemic and economic downturn.

Photos

Location

Agents

Broker of Record

Gerard Hamas

License # C42113 (NC)
Matthews
1600 West End, Ste. 1500 Nashville, TN 37203