Contacts
Encore Real Estate Investment Services
Property Details
- Property Type Retail - Street Retail
- Property Size 11,200 SF
- Lot Size 1.56 Acre
- Year Built 1999
- Date Updated Jun 17, 2026
Reach out to the broker for more info on lease terms and amenities
Highlights
- Attractive Rental Increases – Lease includes two (2), 7-year renewal options with 4% rental increases
- Corporate-Guaranteed Lease – 100% leased to Dollar Tree, a publicly traded Fortune 500 company (NASDAQ: DLTR)
- Double Net Lease: Requires minimal landlord responsibilities (Roof, Structure, & Parking Lot (Replacement Only)
- 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.
- Long-Term Lease in Place – The tenant recently executed a new 7-year lease that commenced January 1, 2024
- 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.
- 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 Placer AI Ranking: 66th Percentile Nationwide (2,877 of 8,498 Locations) & 75th Percentile Statewide (80 of 328 Locations)
- 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.
Getting around
-
52/100
Walk Score ®
-
42/100
Bike Score ®
Location
- City Roanoke Rapids, NC
- Zip Code 27870
Points of Interest
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Sheetz
0.50 miles
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BP
0.82 miles
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Exxon
0.88 miles
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Shell
1.09 miles
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New Dixie
1.11 miles
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Speedway
3.30 miles
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Oasis Travel Plaza
5.19 miles
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Tesla Supercharger
5.20 miles
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Paddock
4.40 miles
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Burger King
0.43 miles
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Carolina BBQ
0.45 miles
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Wendy's
0.50 miles
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Cook Out
0.55 miles
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New China Restaurant
0.56 miles
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McDonald's
0.58 miles
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Pizza Hut
0.60 miles
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Texas Steakhouse & Saloon
0.65 miles
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Hardee's
0.68 miles
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Taco Bell
0.73 miles
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Belk
0.46 miles
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Walmart Supercenter
0.89 miles
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Bobby's Supermarket
1.37 miles
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Food Lion
2.27 miles
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Rick's Country Market
2.69 miles
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Weldon Super Market
2.76 miles
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Piggly Wiggly
4.24 miles
Encore Real Estate Investment Services