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32290615
32290624

12977 Franklin Turnpike, Chatham, VA 24531

NM
GA 126108, MS S49841 (+3)
Bull Realty
AW
GA 439777
Bull Realty
Listed by Bull Realty
$1,195,000
30 days on market
Updated 2 days ago

Dollar General - NNN - VA - 7.3% CAP

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 9,100
Net Rentable (SqFt) 9,100
Cap Rate 7.30%
NOI $87,856
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 05/31/2032
Remaining Term 6
Rent Bumps Yes
Lease Options Five 5-year
Price per SqFt $131
Class B
Year Built 2017
Acreage 1.820
Zoning Cimmercial
Parking Spaces 35 spaces
Parking Per SqFt 3.85
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 06/01/2017
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange

NNN Dollar General | 7.3% CAP | 9,100 SF - Strong placer.ai Performance

Marketing description

ATTENTION Investors! Are you seeking a stable, absolute NNN single tenant retail investment? This Dollar General is THE ONE, located in Chatham, VA (Danville, VA MSA) and serves as a key retail destination for the surrounding area due to limited nearby competition. It provides access to convenience shopping for items such as groceries and household essentials. Placer.ai shows that this location performs in the top 53% of all Dollar Generals in the US, despite its more rural location.

This ±9,100 SF Dollar General sits on just under two acres. The tenant has operated here since 2017. This 15-year absolute NNN lease has 6 years remaining and five 5-year renewal options. Investors benefit from passive income with no landlord responsibilities, low rent/SF of $9.65, and an investment grade national tenant with almost 21,000 stores in 48 states.

Chatham, the county seat of Pittsylvania County, is in southern Virginia, located approximately 45 miles north of Greensboro, NC and 50 miles south of Lynchburg, VA. The area is renowned for its natural beauty, low cost of living, history, and charm. Its proximity to Danville and regional highways provides connectivity while maintaining strong small-town fundamentals. It is also on the Virginia Landmarks Register and the National Register of Historic Places.

Investment highlights

  • ESSENTIAL RETAILER: Attractive ±9,100 SF store serving a trade area with limited retail competition and convenience shopping options
  • PROVEN PERFORMANCE: Placer.ai shows this location is in the top 53% of national store performance of nearly 21,000 Dollar Generals in the US
  • EASE OF NNN LEASE: Easy NNN 15-year lease with 6+ years remaining on the term and many renewal options
  • INVESTMENT GRADE TENANT: Dollar General is a respected investment grade tenant with locations in 48 states
  • LOCATION APPEAL: Locals enjoy low cost of living, natural beauty and being part of state and national history while being close to major cities including Danville, Greensboro, and Lynchburg

Listing Contacts

NM
GA 126108, MS S49841 (+3)
Bull Realty
AW
GA 439777
Bull Realty
Listed by Bull Realty

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$87,856.00
$7,321.33/mo

Valuation Metrics

0
DSCR
7.35%
Cap Rate
7.35%
ROI

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Additional Information

Name
Ben Harris
License
022602407
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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