Skip to main content

Discount

Dollar General

339 Clintwood Main St, Clintwood, VA 24228

Listing Price: $178,947

Cap Rate
9.50%
Tenant Name
Dollar General
Years Remaining On Lease
1.4
Guarantor
Corporate Guarantee
Rentable SF
7,560
Lease Type
Modified Gross
Rent Per Square Feet
$3.06

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 339 Clintwood Main St. in Clintwood, Virginia 24228. The investment is being offered at $178,947 which represents a 9.5% cap rate. The subject property was built in 1950, then renovated and expanded for Dollar General in 1989. The current lease expires in October 2022 and there are two, five year options remaining, both with 10% rental increases. The store is surrounded by credit tenants including McDonald's, Taco Bell, Subway, Advance Auto, Rite Aid, Wells Fargo and others. Located in the heart of town, this store benefits from both vehicle and foot traffic from the locals. The town of Clintwood is located in the Appalachian Mountains near the border of Virginia and Kentucky. With more than 1,400 residents within the one mile radius and an expected population increase within the one, three and five mile radius through 2025. This area boasts an ideal market for Dollar General as demonstrated by their operating history at this store for more than 30 years.

Investment Highlights

  • More Than 6,000 Residents Within a Five Mile Radius
  • Surrounded by Credit Tenants Including McDonald's, Subway, Taco Bell, Advance Auto, Pizza Hut, Rite Aid, Wells Fargo, BB&T, USPS & Hardees
  • Modified Gross Lease with 1.5 years remaining (Lease Expires 10/31/2022)
  • Two, Five Year Options with 10% Rental Increases
  • Over 30 Years of Operating History at This Location
  • Brand New Roof Installed in 2018
  • Prime Location in the Center of Town

Exclusively Listed By

Broker of Record

  • Dawson Rinder

    Associate Regional Manager

    (804) 205-5008

    License(s) VA: 0225215181

    Virginia

Listing Price: $178,947

Cap Rate
9.50%
Tenant Name
Dollar General
Years Remaining On Lease
1.4
Guarantor
Corporate Guarantee
Rentable SF
7,560
Lease Type
Modified Gross
Rent Per Square Feet
$3.06

Investment Highlights

  • More Than 6,000 Residents Within a Five Mile Radius
  • Surrounded by Credit Tenants Including McDonald's, Subway, Taco Bell, Advance Auto, Pizza Hut, Rite Aid, Wells Fargo, BB&T, USPS & Hardees
  • Modified Gross Lease with 1.5 years remaining (Lease Expires 10/31/2022)
  • Two, Five Year Options with 10% Rental Increases
  • Over 30 Years of Operating History at This Location
  • Brand New Roof Installed in 2018
  • Prime Location in the Center of Town

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale the Dollar General located at 339 Clintwood Main St. in Clintwood, Virginia 24228. The investment is being offered at $178,947 which represents a 9.5% cap rate. The subject property was built in 1950, then renovated and expanded for Dollar General in 1989. The current lease expires in October 2022 and there are two, five year options remaining, both with 10% rental increases. The store is surrounded by credit tenants including McDonald's, Taco Bell, Subway, Advance Auto, Rite Aid, Wells Fargo and others. Located in the heart of town, this store benefits from both vehicle and foot traffic from the locals. The town of Clintwood is located in the Appalachian Mountains near the border of Virginia and Kentucky. With more than 1,400 residents within the one mile radius and an expected population increase within the one, three and five mile radius through 2025. This area boasts an ideal market for Dollar General as demonstrated by their operating history at this store for more than 30 years.

Exclusively Listed By

Broker of Record

  • Dawson Rinder

    Associate Regional Manager

    (804) 205-5008

    License(s): VA: 0225215181

    Virginia

MM Texture Background
MM Textured Background Lower