DOLLAR GENERAL | GLOUCESTER, VIRGINIA

Purchase Price
$2,100,770
Location
9651 Woods Cross Road
Cap Rate
5.00%
Annual Rent
$105,038.52
Building Size
9,100 SF
Land Area
2.086 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
10.25 Years
LEASE EXPIRATION
11/30/2032
Renewal Options
Five (5) - Five (5) Year
RENT INCREASES
10% at Options
Parking
46 Spaces
Year Built
2017
APN
016/ /71/ A/
Traffic Counts
15,026 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE LEASE:

  • 10.25 Years of Guaranteed Lease Term (Lease Exp: 11/30/2032)
  • 2017 Build to Suit Construction
  • Five (5) - Five (5) Year Option Periods with 10% Rental Increases
 

A TRUE COUPON CLIPPER | ABSOLUTE NNN LEASE:

  • Absolute NNN Lease with ZERO Management Responsibilities
  • Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
 

UPGRADED CONSTRUCTION:

  • Four Sided Brick & Hardy Plank Siding
  • Corner Entry Prototype
 

DISTANCE FROM GLOUCESTER, VIRGINIA:

  • Newport News, Virginia | 32 Miles
  • Richmond, Virginia | 52 Miles
  • Norfolk, Virginia | 56 Miles
  • Fredericksburg, Virginia | 85 Miles
  • Washington, D.C. | 153 Miles
  • Baltimore, Maryland | 162 Miles
  • Raleigh, North Carolina | 200 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 3-Mile: 2,502 Residents | $89,444 Average Household Income
  • 5-Mile: 6,545 Residents | $86,954 Average Household Income
  • 7-Mile: 16,456 Residents | $84,049 Average Household Income
 

TENANT:

  • Strong Corporate Guaranty (NYSE: "DG") - Dollar General Corporation is Rated "BBB" by Standard & Poor's
  • 18,190 Stores in 47 States as of February 25, 2022
  • Ranked #91 on the Fortune 500 List

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