Drug Store
Dollar General | New 15-Yr. NNN Lease
White Hill Road & Springfrield Lane, Staunton, VA 34401
Listing Price: $1,877,000
Cap Rate
6.35%
Tenant Name
Dollar General
Years Remaining On Lease
15.4
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.20
Investment Overview
Marcus & Millichap is pleased to present the Dollar General in Staunton, VA.
Dollar General | New 15-Yr. NNN Lease
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 19,000+ Stores
- Classified Nationally as an Essential Retailer for Daily Shopping Needs
- Brand New Construction on an Oversized Parcel
- Serving Over 48,600 Residents in Growing Trade Area
- Average Household Income Exceeds $88,000 within 3 Miles
Exclusively Listed By
Broker of Record
-
Brian Hosey
First Vice President/ Division Manager
Financing By
Drug Store
Dollar General | New 15-Yr. NNN Lease
Listing Price: $1,877,000
Cap Rate
6.35%
Tenant Name
Dollar General
Years Remaining On Lease
15.4
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.20
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 19,000+ Stores
- Classified Nationally as an Essential Retailer for Daily Shopping Needs
- Brand New Construction on an Oversized Parcel
- Serving Over 48,600 Residents in Growing Trade Area
- Average Household Income Exceeds $88,000 within 3 Miles
Investment Overview
Marcus & Millichap is pleased to present the Dollar General in Staunton, VA.
Exclusively Listed By
Broker of Record
-
Brian Hosey
First Vice President/ Division Manager
Financing By
