Dollar Tree

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 to a Dollar Tree, demonstrating long-term viability of the location.
• Strategic Regional Retail Hub – Located in Roanoke Rapids, the primary commercial center for Halifax County and a regional trade hub serving surrounding rural communities.
• Strong Traffic from Interstate Corridor – The area benefits from proximity to Interstate 95, a major north–south transportation corridor driving consistent local and traveler retail demand.
• Solid Area Demographics – The property serves over 25,900 residents within a 5-mile radius with average household incomes exceeding $64,000, supporting ongoing retail activity.

Description:

Strong Placer AI Ranking: 66th Percentile (2,892 of 8,505 Stores) Nationwide - 75th Percentile Statewide (81 of 328)

Roanoke Rapids is a city in Halifax County, North Carolina. The population was 15,229 at the 2020 census and is the largest community in Halifax County. It is the principal city of the Roanoke Rapids Micropolitan Statistical Area, and is also an anchor city of the Rocky Mount-Wilson-Roanoke Rapids CSA, with a total population of 297,726. Roanoke Rapids, North Carolina, has long served as an economic center for the Roanoke Valley region of northeastern North Carolina. Historically, the city developed as a textile and manufacturing hub, with cotton mills and related industries driving employment throughout the 20th century. Today, Roanoke Rapids functions as a regional trade and service center, attracting workers and consumers from surrounding rural areas in Halifax and Northampton counties.

The modern economy of Roanoke Rapids is anchored by healthcare, manufacturing, and retail. Healthcare and social assistance represent one of the largest employment sectors, supported by facilities such as regional hospitals and clinics that serve a wide surrounding population. Manufacturing also remains an important pillar, with industries including packaging, steel, and paper products providing stable jobs. Retail and service businesses benefit from the city’s location along Interstate 95, a major north–south transportation corridor that brings travelers and commerce through the area and supports hospitality and logistics activity.

Economic development efforts in Roanoke Rapids continue to focus on revitalization, small-business growth, and regional investment. The city’s historic downtown and Main Street district host hundreds of independent businesses and serve as a focal point for entrepreneurship and community activity. Additionally, the broader Roanoke Rapids micropolitan area has been recognized nationally for attracting new and expanding economic development projects, highlighting ongoing efforts to create jobs and diversify the local economy. Together, these initiatives position Roanoke Rapids as a small but resilient economic hub in northeastern North Carolina.

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