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.