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3770 Hub Mill Rd, Elon, NC, 27244

Dollar General
$1,275,000

Key Information

Cap Rate
7%
Tot. SF
9,002
Lot Size
2.65 Acres
Year Built
2021
Term Remaining
±10.5 years
Type
Retail
NOI
$89,196

Highlights

  • Growing Trade Area: Elon, NC enjoys excellent regional connectivity to Burlington, Greensboro, and the broader Piedmont Triad, fueling sustained population growth and enduring retail demand in this expanding North Carolina corridor.
  • Strategically Positioned: Directly across from Altamahaw-Ossipee Elementary School (serving 600+ students), delivering consistent daily traffic, strong visibility, and built-in customer flow from families and school-related activity.
  • Long-Term Lease Security: More than 10 years remaining on the initial term, plus five (5), 5-year renewal options, offering exceptional income stability for passive investors and 1031 exchange buyers.
  • Secure, Creditworthy Tenant: Backed by Dollar General’s corporate guarantee and investment-grade “BBB” credit rating (S&P), ensuring dependable, high-quality cash flow from a proven national operator.
  • Hands-Off Triple-Net Investment: True absolute NNN lease structure eliminates all landlord responsibilities, providing a fully passive ownership experience with zero management or operational overhead.
  • Essential Retailer with Resilient Model: Dollar General was classified as an essential retailer during the COVID-19 pandemic, highlighting the defensive, recession-resistant nature of its business model and consistent performance across economic cycles.

Photos

Location

Agents

Broker of Record

Gerard Hamas

License # 362768, C42113 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203