Listed by Marcus & Millichap - Richmond, Marcus & Millichap - Raleigh
$1,621,232
Dollar General Plus
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 10,640
Cap Rate 6.90%
NOI $111,865
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Expiration 05/31/2037
Rent Bumps Yes
Year Built 2022
Acreage 2.930
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/01/2022
Ground Lease No
Ownership Fee Simple
Retail | 6.90% CAP | 10,640 SqFt
Investment highlights
- 10,640 Square Feet | 2022 Construction 2.93 Acres | Large Parcel
- Absolute NNN Lease | Zero Landlord Obligations | 11-Yrs Remaining
- Corporate Guaranty: Dollar General Corp. 20,700+ Stores Nationwide
- Top 5 Dollar General within 15-Mile Radius | Source: Placer Ai Foot Traffic
- Entrance to Oakland Park Subdivision 100+ Homes | Starting at $450,000
- High Income Area | Average HH Income of More Than $145,000 within 3-Miles
- Dollar General Plus | Fresh Produce and Expanded Freezer Section
- Located on Highway 218 Serving Access to Potomac River | 4,000 VPD
- 5-Miles to Residential Subdivisions of Fredericksburg, VA | 9-Miles to Downtown
- 1-Hour Drive to Richmond, VA 1-Hour Drive to Washington DC
- County Seat of King George County, VA
- 30-Miles to State of Maryland Nice Memorial Bridge
Listing Contacts
Listed by Marcus & Millichap - Richmond, Marcus & Millichap - Raleigh
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$111,865.00
$9,322.08/mo
Valuation Metrics
0
DSCR
6.9%
Cap Rate
6.9%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Title
Name
License
Brokerage Phone
Title
Is there information that looks off?
