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Dollar General

$724,090

767 Main Street East, Banner Elk, NC 28604

Active
Last Updated: 07/22/2025

8

Cap Rate

57,927

NOI

Details:
Cap Rate:    8%
NOI:    $57,927
Building Size:    8,125 sqft
Lot Area:    1.1 acres
Occupancy:    100%
Year Built:    2003
Highlights:
  • Positioned on Balm Highway near the border of Tennessee & North Carolina
  • Low rent per sf / Low Cost of Occupancy for Tenant
  • 2,000 Vehicles per Day along Balm Highway, and 8,000 Vehicles per Day along Balm Highway on the west of Shawneehaw Ave
  • Tenant Responsibility: RE Taxes, Building Insurance,HVAC & Minor CAM (Anything less than $1,000 per occurrence) Parking Lot Maintenance: $600/mos.
  • Landlord Responsibility: Roof, Structure, and Major CAM(Anything more than $1,000 per occurrence)
  • Dollar General is currently doing a store remodel, to commence in August 2025
  • Dollar General recently exercised a renewal in June 2025 with rent increase
  • This Dollar General ranks in the 49th percentile for North Carolina
  • Positioned in the Blue Ridge Mountains, this store capitalizes on the thriving tourism of the area
Description:

Introducing an exceptional opportunity for retail and free standing building investors - a prime 8,125 SF property in the sought-after Banner Elk area. This meticulously maintained building, constructed in 2003, boasts a compelling investment proposition with 100% occupancy. The property's modern design and versatile layout provide a seamless platform for business success. With its strategic location and high visibility, this property presents an undeniable asset for investors seeking a thriving retail or free-standing building opportunity. Embrace the potential of this esteemed property and unlock the possibilities for your investment portfolio.

Discover the charm and allure of Banner Elk, NC, a coveted destination for offices and office buildings. Nestled amidst the scenic Blue Ridge Mountains, the area offers an ideal blend of natural beauty and modern amenities. Nearby, explore the acclaimed Lees-McRae College or indulge in outdoor adventure at Sugar Mountain and Beech Mountain Resort. Immerse in the local culture at charming shops, delightful eateries, and the renowned Woolly Worm Festival. With a thriving arts scene and a strong sense of community, the area offers a compelling backdrop for business success. Come experience the appeal of this vibrant location and envision the future possibilities for your office investment.

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