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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.

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

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

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

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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