Discount
Dollar General Market | New Brick Construction with 5% Increases in Base Term
Highway 11 (Near Sterrett Road), Fairfield, VA 24435
Listing Price: $2,461,000
Cap Rate
6.85%
Tenant Name
Dollar General
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
12,668
Lease Type
Absolute Net
Rent Per Square Feet
$13.31
Investment Overview
Marcus & Millichap is pleased to present the Dollar General Market in Fairfield, VA.
Dollar General Market | New Brick Construction with 5% Increases in Base Term
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- Rare 5% Rental Increases Every 5 Years Throughout the Base Term and Options
- Upgraded Market Store, Larger Format with Expanded Produce/Grocery Items
- Investment Grade Credit Tenant, Rated 'BBB' by S&P
- Dollar General is the Largest Retailer in the U.S. with 19,700+ Stores
- Classified Nationally as an Essential Retailer for Daily Shopping Needs
- Brand New Brick Construction on an Oversized Parcel
- Serving Over 22,600 Residents in Rockbridge County
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Financing By
Discount
Dollar General Market | New Brick Construction with 5% Increases in Base Term
Listing Price: $2,461,000
Cap Rate
6.85%
Tenant Name
Dollar General
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
12,668
Lease Type
Absolute Net
Rent Per Square Feet
$13.31
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- Rare 5% Rental Increases Every 5 Years Throughout the Base Term and Options
- Upgraded Market Store, Larger Format with Expanded Produce/Grocery Items
- Investment Grade Credit Tenant, Rated 'BBB' by S&P
- Dollar General is the Largest Retailer in the U.S. with 19,700+ Stores
- Classified Nationally as an Essential Retailer for Daily Shopping Needs
- Brand New Brick Construction on an Oversized Parcel
- Serving Over 22,600 Residents in Rockbridge County
Investment Overview
Marcus & Millichap is pleased to present the Dollar General Market in Fairfield, VA.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Financing By
