NNN Dollar General | I-81 | Winchester, VA MSA
Brick Construction | 16K+ VPD Visibility | Top Ranking Site in Virginia
Marketing description
AMC Real Estate Investment Services is pleased to present for sale a single-tenant, absolute NNN Dollar General located at 321 Fairfax Pike, Stephens City, Virginia, offered at $1,850,000 at a 7.00% cap rate.
The property is an all brick, premium construction asset built in 2014, positioned directly on Fairfax Pike with excellent ingress and egress, high visibility, and ±16,000 vehicles per day, along with immediate access to Interstate 81 carrying over 30,000 VPD. In-place rents are approximately $2/SF below current market, offering the next owner built-in upside at renewal. The store ranks in the 72nd percentile statewide among all Virginia Dollar General locations per AlphaMap, a clear indicator of consistent, above-average sales performance.
Five new residential communities are actively under construction within one mile of the property, directly expanding the consumer base. The site sits ±70 miles from Washington, D.C. within the Northern Virginia growth corridor, supported by average household incomes of $116,700 within 5 miles. The lease is absolute NNN with zero landlord responsibilities, five 5-year renewal options through 2054, and 10% rent bumps at each option period, making this a truly passive investment backed by an investment-grade Fortune 500 tenant.
Investment highlights
• All-Brick Premium Construction – Built in 2014, this freestanding 9,100 SF Dollar General features all-brick construction delivering long-term durability and minimal exterior upkeep.
• ±$2 Below Market Rent – Built-In Upside – In-place rents are approximately $2/SF below current market, providing the next owner with meaningful mark-to-market upside at renewal.
• Top Performing Location – Ranked in the 72nd percentile statewide among all Virginia Dollar General locations per AlphaMap, confirming this store’s strong and consistent sales performance.
• Exceptional Site Access & Visibility – Prominently positioned on Fairfax Pike with ±16,000 VPD, featuring excellent ingress/egress, ample parking, and strong street visibility – purpose-built for Dollar General’s high-frequency convenience model.
• Just Off I-81 – 30,000+ VPD – Immediate access to Interstate 81 drives consistent commuter and regional traffic directly past the site daily.
• 5 New Residential Developments Within 1 Mile – Five active residential communities under construction within a 1-mile radius expanding the immediate consumer base around this location.
• ±70 Miles from Washington, D.C. – Positioned in the Northern Virginia growth corridor with average household incomes of $116,700 within 5 miles.
• Absolute NNN – Zero Landlord Responsibilities – Tenant responsible for all expenses including taxes, insurance, roof, HVAC, parking lot, and CAM.
• Investment-Grade Tenant – Dollar General (NYSE: DG) | S&P: BBB | $40.6B Revenue | 20,600+ Locations
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