AutoZone Absolute NNN
1012 W Ehringhaus St, Elizabeth City, NC 27909
For Sale
Contact for pricing
A new 15-year lease starts in October 2026 and includes three five-year renewal options.
Property SizeContact for details
Days on Market8
Property Features for 1012 W Ehringhaus St
General Information
Standard status
Property subtype
Net Operating Income
Financials
Asking Price
Cap Rate
Additional Details
Traffic Count
Tenant in Place
Building Details
Tenancy
Listing Agency:
Atlantic Capital Partners
Listed By:
David Hoppe · License NC #288268
(704) 375-7771
Source:
Crexi
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 3:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Atlantic Capital Partners
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Investment Insights
Based on property information with market context.
This single-tenant AutoZone property is structured as an absolute NNN ground lease. The new base term runs from October 1, 2026, through September 30, 2041, followed by three five-year options. Rent steps are scheduled at five-year intervals during the base term and options, with no landlord responsibilities stated under the lease structure.
The property is on W. Ehringhaus Street, where traffic is reported at 17,000 vehicles per day. Southgate Mall, anchored by Belk, is nearby. The site is 38 miles from Norfolk, Virginia. The five-mile trade area has 31,382 residents and an average household income of $81,937.
The property is on W. Ehringhaus Street, where traffic is reported at 17,000 vehicles per day. Southgate Mall, anchored by Belk, is nearby. The site is 38 miles from Norfolk, Virginia. The five-mile trade area has 31,382 residents and an average household income of $81,937.
Key Highlights
- AutoZone single‑tenant absolute NNN ground lease
- 4.50% cap rate
- 15‑year base term: October 1, 2026, through September 30, 2041
Property Analytics
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Current Use
Lease Details
17,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
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Business Placement
Demographics for 27909, NC
40,606
Population
17,591
Households
2.3
Avg Household Size
40
Median Age
27%
College-Educated
90%
High-School Grad
226.9 sq mi
ZIP Area
179
Density / Sq Mi
$64,039
Median Household Income
$40,399
Median Earnings
$1,146
Median Rent
$223,400
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - A new 15-year lease starts in October 2026 and includes three five-year renewal options.
Where is this nnn property located?
The property is located at 1012 W Ehringhaus St Elizabeth City, NC.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: AutoZone single‑tenant absolute NNN ground lease; 4.50% cap rate; 15‑year base term: October 1, 2026, through September 30, 2041
