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Dollar General Market | New 15-Yr. NNN Lease with Increases

US Hwy 11 (Lee Hwy.) & Overlook Ave., Mount Sidney, VA 24467

Listing Price: $2,218,000

Cap Rate
6.65%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
12,687
Lease Type
Absolute Net
Rent Per Square Feet
$11.62

Investment Overview

Marcus & Millichap is pleased to present the Dollar General Market in Mount Sidney, VA.

Investment Highlights

  • 15-Year Absolute NNN Lease, No Landlord Responsibilities
  • Rare 5% Rental Increases Every 5 Years Throughout the Base Term and Options
  • Upgraded Market Store, Larger Format with Expanded Produce/Grocery Items
  • 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 77,000 Residents in Growing Augusta County, 15 Miles South of Harrisonburg

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 Market | New 15-Yr. NNN Lease with Increases

Listing Price: $2,218,000

Cap Rate
6.65%
Tenant Name
Dollar General
Years Remaining On Lease
15.3
Guarantor
Corporate Guarantee
Rentable SF
12,687
Lease Type
Absolute Net
Rent Per Square Feet
$11.62

Investment Highlights

  • 15-Year Absolute NNN Lease, No Landlord Responsibilities
  • Rare 5% Rental Increases Every 5 Years Throughout the Base Term and Options
  • Upgraded Market Store, Larger Format with Expanded Produce/Grocery Items
  • 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 77,000 Residents in Growing Augusta County, 15 Miles South of Harrisonburg

Investment Overview

Marcus & Millichap is pleased to present the Dollar General Market in Mount Sidney, 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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