Listed by Marcus & Millichap - Orange County
$2,398,000
Brand New Construction | Dollar General Market | Ford, VA
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 10,640
Net Rentable (SqFt) 10,640
Cap Rate 6.65%
NOI $159,473
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 04/30/2041
Remaining Term 14.8
Rent Bumps Yes
Lease Options Five 5-year options with 5.0% rent bumps
Price per SqFt $225
Class A
Year Built 2026
Buildings 1
Acreage 2.900
Zoning Commercial
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 05/01/2026
Occupancy Date 05/01/2026
Ground Lease No
Ownership Fee Simple
Sale Condition N/A
Retail | 6.65% CAP | 10,640 SqFt
Marketing description
Brand-new 2026 Dollar General Market in Ford, Virginia — a 10,640 SF build-to-suit on U.S. Route 460, the primary east-west corridor connecting the Petersburg MSA to Lynchburg and Roanoke. The 15-year absolute NNN lease is guaranteed by Dollar General Corporation (NYSE: DG, BBB / Baa3) and is positioned ~20 miles west of Petersburg within the Fort Lee / Fort Pickett military trade area.
Investment highlights
- Brand-new 2026 build-to-suit Dollar General Market (10,640 SF).
- 15-year absolute NNN lease — corporate guaranty from Dollar General Corp. (NYSE: DG, BBB / Baa3).
- 5.0% rental increases every 5 years across the primary term and all five 5-year options.
- Zero landlord responsibilities — institutional-quality passive cash flow.
- True absolute NNN lease — tenant covers roof, structure, parking, taxes, insurance, and CAM.
- Fort Lee — U.S. Army Sustainment Center of Excellence with ~70,000 trainees per year.
- Fort Pickett — 41,000-acre Virginia National Guard installation ~25 mi SW.
- Limited mainstream grocery within the 10-mile ring positions the asset as the de facto neighborhood grocer.
Listing Contacts
Listed by Marcus & Millichap - Orange County
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$159,473.00
$13,289.42/mo
Valuation Metrics
0
DSCR
6.65%
Cap Rate
6.65%
ROI
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