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Discount

Dollar General I Low Risk, Low Price Unit I High Traffic

44 Marysville Rd, Altavista, VA 24517

Listing Price: $1,359,000

Cap Rate
5.80%
Tenant Name
Dollar General
Years Remaining On Lease
9.8
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$8.66

Investment Overview

Absolute NNN Dollar General w/ Zero Landlord Responsibilities Featuring Over 9.5 Years Remaining on the Lease Base Term Providing an Ideal Passive Investment Opportunity. High Traffic Location at the Intersection of Highway 29/Wards Road and Marysville Road with 19,000 Vehicles Passing the Subject Property Daily Providing Superior Exposure. Low Risk, Bite-Sized Unit Providing Enhanced Security with Rent at Just $8.66 PSF and 10 Percent Rent Increases in Each 5-Year Option to Hedge Against Inflation. ?Only 25 Minutes from Lynchburg, VA, the Center of the Lynchburg MSA with Over 260,000 Residents and Just One Hour From Roanoke, VA, the Center of the Roanoke MSA with Over 315,000 Residents. Lease Corporately Guaranteed by Dollar General, an American Chain of Variety Stores with Over 16,000 Locations Nationwide and an S&P Credit Rating of BBB.

Investment Highlights

  • Absolute NNN Dollar General w/ Zero Landlord Responsibilities Featuring Over 9.5 Years Remaining on the Lease Base Term Providing an Ideal Passive Investment Opportunity
  • Low Risk, Bite-Sized Unit Providing Enhanced Security with Rent at Just $8.66 PSF and 10 Percent Rent Increases in Each 5-Year Option to Hedge Against Inflation
  • High Traffic Location at the Intersection of Highway 29/Wards Road and Marysville Road with 19,000 Vehicles Passing the Subject Property Daily Providing Superior Exposure
  • ?Only 25 Minutes from Lynchburg, VA, the Center of the Lynchburg MSA with Over 260,000 Residents and Just One Hour From Roanoke, VA, the Center of the Roanoke MSA with Over 315,000 Residents
  • Lease Corporately Guaranteed by Dollar General, an American Chain of Variety Stores with Over 16,000 Locations Nationwide and an S&P Credit Rating of BBB
  • Situated in an Area with Nearly 13,000 People Living Within a 7-Mile Radius with an Average Annual Household Income Exceeding $65,000 Making This an Optimal Dollar General Location.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Discount

Dollar General I Low Risk, Low Price Unit I High Traffic

Listing Price: $1,359,000

Cap Rate
5.80%
Tenant Name
Dollar General
Years Remaining On Lease
9.8
Guarantor
Corporate Guarantee
Rentable SF
9,100
Lease Type
Absolute Net
Rent Per Square Feet
$8.66

Investment Highlights

  • Absolute NNN Dollar General w/ Zero Landlord Responsibilities Featuring Over 9.5 Years Remaining on the Lease Base Term Providing an Ideal Passive Investment Opportunity
  • Low Risk, Bite-Sized Unit Providing Enhanced Security with Rent at Just $8.66 PSF and 10 Percent Rent Increases in Each 5-Year Option to Hedge Against Inflation
  • High Traffic Location at the Intersection of Highway 29/Wards Road and Marysville Road with 19,000 Vehicles Passing the Subject Property Daily Providing Superior Exposure
  • ?Only 25 Minutes from Lynchburg, VA, the Center of the Lynchburg MSA with Over 260,000 Residents and Just One Hour From Roanoke, VA, the Center of the Roanoke MSA with Over 315,000 Residents
  • Lease Corporately Guaranteed by Dollar General, an American Chain of Variety Stores with Over 16,000 Locations Nationwide and an S&P Credit Rating of BBB
  • Situated in an Area with Nearly 13,000 People Living Within a 7-Mile Radius with an Average Annual Household Income Exceeding $65,000 Making This an Optimal Dollar General Location.

Investment Overview

Absolute NNN Dollar General w/ Zero Landlord Responsibilities Featuring Over 9.5 Years Remaining on the Lease Base Term Providing an Ideal Passive Investment Opportunity. High Traffic Location at the Intersection of Highway 29/Wards Road and Marysville Road with 19,000 Vehicles Passing the Subject Property Daily Providing Superior Exposure. Low Risk, Bite-Sized Unit Providing Enhanced Security with Rent at Just $8.66 PSF and 10 Percent Rent Increases in Each 5-Year Option to Hedge Against Inflation. ?Only 25 Minutes from Lynchburg, VA, the Center of the Lynchburg MSA with Over 260,000 Residents and Just One Hour From Roanoke, VA, the Center of the Roanoke MSA with Over 315,000 Residents. Lease Corporately Guaranteed by Dollar General, an American Chain of Variety Stores with Over 16,000 Locations Nationwide and an S&P Credit Rating of BBB.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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