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Grocery Storefront with Extended Lease
For Sale
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1412 N RD ST, Elizabeth City, NC 27909

For sale retail storefront with an absolute net structure and a recently extended lease.

Property Size9,014 SF
Price / SF$175.90
Days on Market87

Property Features for 1412 N RD ST

General Information

Standard status Active
Size 9,014 SF
Property subtype Retail
Occupancy 100%
Lease Type Absolute Net
Investment Type Net Lease
Net Operating Income $118,918

Building Details

Year Built 2010
Units 1
Tenancy Single
Listing Agency: CBRE - Saddle Brook
Listed By: Karly Iacono · License #NY 10401274993
Source: Crexi
Added: Jun 11 Changed: Aug 31 Last Checked: Aug 28 at 9:58PM

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 CBRE - Saddle Brook

Investment Insights

Based on property information with market context.

This for-sale retail storefront is described as a grocery and convenience store property and is offered on an absolute net basis. The public remarks also note a recent lease extension, indicating continued tenancy under an updated lease term.

The property is located at 1412 N RD ST in Elizabeth City, NC. The listing is supported by the seller’s statement of robust demographics in the area.

Beyond the tenant and lease-term information, the listing does not provide additional property configuration details such as unit layout, building features, or site improvements.

Key Highlights

  • Retail storefront built in 2010
  • Absolute net (NNN) structure
  • Recently extended lease

Property Analytics

Current Use

Dollar General Grocery & Convenience Store Western Union Bank

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Auto Parts Store Parking Lot & Garage Dental Office Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

170
Businesses Nearby
Balanced
Demand for This Use

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

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Grocery and convenience store - For sale retail storefront with an absolute net structure and a recently extended lease.
Where is this grocery and convenience store located?
The property is located at 1412 N RD ST Elizabeth City, NC.
What is the asking price?
The asking price for this property is $1,585,575.
What are key features of this property?
This property features: Retail storefront built in 2010; Absolute net (NNN) structure; Recently extended lease
More about this property
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