Listed by Exclusive Realty
$1,034,400
Dollar General, Raven, VA
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 9,100
Net Rentable (SqFt) 9,100
Cap Rate 7.5%
NOI $77,580
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 04/30/2030
Remaining Term 3.9
Rent Bumps Yes
Lease Options 5 (5) Year Options
Price per SqFt $114
Year Built 2015
Buildings 10
Stories 1
Acreage 0.960
Zoning C
Parking Spaces 22 spaces
Parking Per SqFt 2.42
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/03/2015
Sale Condition For sale by owner
Retail | 7.50% CAP | 9,100 SqFt
Investment highlights
Absolute NNN Dollar General investment; Tenant responsible for all property expenses
Located in Raven, VA (Russell County)
National, credit-backed discount retailer with a strong rural footprint
Essential retail format serving everyday consumer needs
High visibility and access along U.S. Route 19
Primary retail destination for local residents and surrounding communities
Stable, long-term passive income stream
Listing Contacts
Listed by Exclusive Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$77,580.00
$6,465.00/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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