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Dollar General

33536 Main St, Jonesville, VA 24263

Listing Price: $745,212

Cap Rate
7.75%
Tenant Name
Dollar General
Years Remaining On Lease
4.5
Guarantor
Corporate Guarantee
Rentable SF
7,680
Lease Type
Double Net
Rent Per Square Feet
$7.72

Investment Overview

Marcus & Millichap has been exclusively retained by ownership to present for sale the fee simple interest in the Dollar General located at 33536 Main Street in Jonesville, Virginia. The subject is a 7,680-square-foot freestanding store, which sits on a .75 acre parcel. There are five years remaining on a double net lease after a recent five year option was exercised. The lease is corporately guaranteed by Dollar General. The landlord is only responsible for roof, structure and parking lot. Dollar General is located in the heart of Jonesville Virginia and is less than one mile from Lee County High School, Jonesville Middle School and Lee County Public School. National retailers such as Walmart, Subway and Marathon have strategically located themselves in this area as well. Additionally, the county airport is only a 10 minute drive from our subject property, which has recently had their roof and parking lot refurbished. Jonesville sits in Lee County roughly 44 miles northwest of Kingsport, Tennessee and recently completed a $1.8 million downtown revitalization project featuring updates to Cumberland Bowl Park and a new Veterans Memorial.

Investment Highlights

  • Over Four Years Remaining on a Recently Extended Double-Net Lease
  • Proven Location: Open Since 2003, Extended Lease Early Twice
  • Over $40,000 Invested in 2015 Roof and Parking Lot Improvements
  • Limited Competition, as Nearest Dollar General is Six Miles Away and Nearest Family Dollar is Seven Miles Away
  • Traffic Counts Exceeding 5,000 Vehicles per Day along Main Street
  • 6.7 Miles from Lee County Airport

Exclusively Listed By

Financing By

Listing Price: $745,212

Cap Rate
7.75%
Tenant Name
Dollar General
Years Remaining On Lease
4.5
Guarantor
Corporate Guarantee
Rentable SF
7,680
Lease Type
Double Net
Rent Per Square Feet
$7.72

Investment Highlights

  • Over Four Years Remaining on a Recently Extended Double-Net Lease
  • Proven Location: Open Since 2003, Extended Lease Early Twice
  • Over $40,000 Invested in 2015 Roof and Parking Lot Improvements
  • Limited Competition, as Nearest Dollar General is Six Miles Away and Nearest Family Dollar is Seven Miles Away
  • Traffic Counts Exceeding 5,000 Vehicles per Day along Main Street
  • 6.7 Miles from Lee County Airport

Investment Overview

Marcus & Millichap has been exclusively retained by ownership to present for sale the fee simple interest in the Dollar General located at 33536 Main Street in Jonesville, Virginia. The subject is a 7,680-square-foot freestanding store, which sits on a .75 acre parcel. There are five years remaining on a double net lease after a recent five year option was exercised. The lease is corporately guaranteed by Dollar General. The landlord is only responsible for roof, structure and parking lot. Dollar General is located in the heart of Jonesville Virginia and is less than one mile from Lee County High School, Jonesville Middle School and Lee County Public School. National retailers such as Walmart, Subway and Marathon have strategically located themselves in this area as well. Additionally, the county airport is only a 10 minute drive from our subject property, which has recently had their roof and parking lot refurbished. Jonesville sits in Lee County roughly 44 miles northwest of Kingsport, Tennessee and recently completed a $1.8 million downtown revitalization project featuring updates to Cumberland Bowl Park and a new Veterans Memorial.

Exclusively Listed By

Financing By

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