8.08% Cap Rate NN Dollar General with 2nd Renewal

For Sale

1903 Weeksville Rd, Elizabeth City, NC 27909

This Elizabeth City property for sale is located at 1903 Weeksville Rd. The general use of 8.08% Cap Rate NN Dollar General with 2nd Renewal is retail and it incorporates 9,640 square feet of class B retail space. The current listed sale price for 8.08% Cap Rate NN Dollar General with 2nd Renewal is $1,075,000.

Contacts

broker
Josh Taylor

SVN | Efird Commercial Real Estate

Property Details

  • Property Type Retail - Freestanding
  • Property Size 9,640 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 2009
  • Date Updated Jan 20, 2025
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.
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Highlights

  • Limited Landlord Responsibilities (NN Lease)
  • 2nd Renewal Period with 4+ years remaining
  • Strong Performance & Sales History
  • Nearby to Elizabeth City State University, United States Coast Guard Base & Elizabeth City Regional Airport

Getting around

  • 11/100

    Walk Score ®

  • 37/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Elizabeth City, NC
  • Zip Code 27909

Points of Interest

  • Eagle Mart

    1.53 miles

  • Mobil

    2.64 miles

  • BP

    3.56 miles

  • Speedway

    4.01 miles

  • Duck Thru

    4.67 miles

  • Citgo

    5.73 miles

  • McDonald's

    5.85 miles

  • Murphy USA

    5.93 miles

  • Faculty Parking

    1.23 miles

  • Visitor Parking

    1.29 miles

  • Grouper's Waterfront Restaurant

    2.56 miles

  • Paradiso Roma Ristorante

    2.61 miles

  • Lin's Royal Wok

    2.62 miles

  • Taco Bell

    2.64 miles

  • Cypress Creek Grill

    2.66 miles

  • Elizabeth City Pizza co.

    2.70 miles

  • Firehouse Subs

    2.72 miles

  • DQ Grill & Chill

    2.72 miles

  • Hoppin' Johnz

    2.74 miles

  • The Mills Downtown Bistro

    2.74 miles

  • La Perla Latin Grocery

    2.71 miles

  • Southgate Mall

    3.04 miles

  • Food Lion

    3.21 miles

  • Big Lots

    3.56 miles

  • ALDI

    5.55 miles

  • Ross

    5.81 miles

  • TJ Maxx

    5.83 miles

  • Walmart Supercenter

    5.98 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Josh Taylor

SVN | Efird Commercial Real Estate

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