Dollar General for Sale in Elrod, NC
Elrod, NC
Key Investment Metrics
Price
$2,318,000
Cap Rate
6.7%
Net Operating Income
$154,164
Building Size
10566 SF
Land Area
1.03 Acres
Remaining Term
14.7 years
Lease Expiration
03/31/2041
Lease Term
15 years
Lease Commencement
03/24/2026
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2026
Occupancy
100%
Tenancy
Single
Rent Increases
5% every 5-years in base term & options
Property overview
Dollar General in Elrod
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 10,566 SF
- Land area
- 1.03 acres
- Year built
- 2026
- Lease type
- Absolute NNN
- Lease expiration
- 03/31/2041
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.