Dollar General | Multiple-Renewal Location
Retail Property For Sale
Marketing description
Introducing this lucrative investment opportunity in Norton, VA: DOLLAR GENERAL located at 1747 Park Avenue Northwest, Norton, VA 24273.
Priced at $728,470 with an impressive 8.5% CAP rate, this retail property boasts a stable NOI of $61,920. The building spans 9,100 SF on 1.17 acres of land and features recent HVAC upgrades and a pitched metal roof construction. Strategically positioned adjacent to Norton Community Hospital, the property benefits from high daily traffic counts, enhancing its investment potential.
Dollar General has a solid lease history with three extensions and increases, adding to the appeal as a secure long-term investment. The reputable tenant, Dollar General, is a corporate guarantor with a vast presence across the US and Mexico, generating over $40 billion in total revenue annually. Don't miss the chance to own this income-generating property in a prime location.
Investment highlights
New HVAC Unit in 2023, HVAC Compressor Replacement 2021
CAM Reimbursed at $.65/sf or actual cost, whichever is less
Tenant pays direct for insurance & reimburses for taxes
Lessee responsible to maintain HVAC maintenance contract
4,300 Daily traffic counts along Park Avenue | 14,000 along US Hwy 58
Dollar General has extended the lease 3 times with increases
Pitched metal roof construction, asphalt parking lot
Located directly adjacent to the Norton Community Hospital (Ballad Health, 286 locations)
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
