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Drug Store

Dollar General | New 15-Yr. NNN Lease

173 W Lee St, Broadway (Harrisonburg MSA), VA 22815

Listing Price: $1,801,000

Cap Rate
6.35%
Tenant Name
Dollar General
Years Remaining On Lease
14.7
Guarantor
Corporate Guarantee
Rentable SF
10,542
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.85

Investment Overview

Marcus & Millichap is pleased to present the Dollar General in Broadway, VA.

Investment Highlights

  • 15-Year Absolute NNN Lease, No Landlord Responsibilities
  • 10% Increases Every 5 Years Beginning in Each Option Period
  • Investment Grade Credit Tenant, Rated 'BBB' by S&P
  • Dollar General is the Largest Retailer in the U.S. with 18,000+ Stores
  • Classified Nationally as an Essential Retailer for Daily Shopping Needs
  • Brand New 2022 Construction on Large Oversized Lot
  • Serving Over 81,000 Residents in Rockingham County
  • Household Income Exceeds $81,000 within 3 and 5 Miles

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Drug Store

Dollar General | New 15-Yr. NNN Lease

Listing Price: $1,801,000

Cap Rate
6.35%
Tenant Name
Dollar General
Years Remaining On Lease
14.7
Guarantor
Corporate Guarantee
Rentable SF
10,542
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$10.85

Investment Highlights

  • 15-Year Absolute NNN Lease, No Landlord Responsibilities
  • 10% Increases Every 5 Years Beginning in Each Option Period
  • Investment Grade Credit Tenant, Rated 'BBB' by S&P
  • Dollar General is the Largest Retailer in the U.S. with 18,000+ Stores
  • Classified Nationally as an Essential Retailer for Daily Shopping Needs
  • Brand New 2022 Construction on Large Oversized Lot
  • Serving Over 81,000 Residents in Rockingham County
  • Household Income Exceeds $81,000 within 3 and 5 Miles

Investment Overview

Marcus & Millichap is pleased to present the Dollar General in Broadway, VA.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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