Discount
Dollar General | 15-Year NNN | 5% Rental Increases Every 5 Years
4040 Virginia Ave, Collinsville, VA 24078
Listing Price: $1,976,000
Cap Rate
6.70%
Tenant Name
Dollar General
Years Remaining On Lease
14.2
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.45
Investment Overview
Marcus & Millichap is pleased to present the Dollar General in Collinsville, VA.
Dollar General | 15-Year NNN | 5% Rental Increases Every 5 Years
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- Rare 5% Rental Increases Every 5 Years Throughout the Base Term and Options
- 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 41,000 Residents in the Primary Trade Area
- Highly Visible Along Major North/South Artery with Direct Access to Downtown Roanoke, Martinsville, and Greensboro, SC
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Financing By
Discount
Dollar General | 15-Year NNN | 5% Rental Increases Every 5 Years
Listing Price: $1,976,000
Cap Rate
6.70%
Tenant Name
Dollar General
Years Remaining On Lease
14.2
Guarantor
Corporate Guarantee
Rentable SF
10,640
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.45
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- Rare 5% Rental Increases Every 5 Years Throughout the Base Term and Options
- 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 41,000 Residents in the Primary Trade Area
- Highly Visible Along Major North/South Artery with Direct Access to Downtown Roanoke, Martinsville, and Greensboro, SC
Investment Overview
Marcus & Millichap is pleased to present the Dollar General in Collinsville, VA.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Financing By
