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1825 E 10th St
Roanoke Rapids, NC 27870

$1,890,000 USD

Drugstore For Sale  •  11,987 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 11,987 SF
  • Lot Size 1.56 AC
  • Building Class B
  • Year Built 1999
  • Tenancy Single
  • Zoning RRB4
50 Walk Score

Highlights

Double Net Lease: Requires minimal landlord responsibilities (Roof, Structure, & Parking Lot (Replacement Only)
Corporate-Guaranteed Lease – 100% leased to Dollar Tree, a publicly traded Fortune 500 company (NASDAQ: DLTR)
Strong Placer AI Ranking: 66th Percentile Nationwide (2,877 of 8,498 Locations) & 75th Percentile Statewide (80 of 328 Locations)
Long-Term Lease in Place – The tenant recently executed a new 7- year lease that commenced January 1, 2024
Attractive Rental Increases – Lease includes two (2), 7-year renewal options with 4% rental increases
Established Retail Location – The 11,200 SF freestanding store sits on 1.56 acres served the market as a former pharmacy before converting

Amenities

  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 60
Type: Surface
Included in Rent: Yes
Deno Bistolarides 248-702-0288 Encore Real Estate Investment Services
Deno Bistolarides 248-702-0288 Encore Real Estate Investment Services