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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.

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

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

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

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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