DOLLAR GENERAL | RICHMOND, VIRGINIA
INVESTMENT SUMMARY
Purchase Price
$1,684,800
Location
5210 Wilkinson Rd
Cap Rate
6.25%
Annual Rent
$105,303.72
Building Size
9,100 SF
Land Area
1.28 Acres
Ownership
Fee Simple
Lease Type
Absolute NNN
Term Remainning
7.5 Years
LEASE EXPIRATION
08/31/2031
Renewal Options
RENT INCREASES
10% at Options
Parking
49 Spaces
Year Built
2016
APN
794-745-2408
Traffic Counts
22,122 VPD
INVESTMENT HIGHLIGHTS
DOLLAR GENERAL CORPORATE LEASE:
- 8 Years of Guaranteed Lease Term
- 2016 Build-to-Suit Dollar General
- 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
AMAZON ROBOTICS FULFILLMENT CENTER (0.7 MILES AWAY):
- Located 0.7 Miles from the Subject Property
- 650,000 Square Foot Facility
- Opened in 2022
RICHMOND RACEWAY (1.6 MILES AWAY):
- 1,100-Acre Motorsports & Multipurpose Entertainment Complex
- Hosts Two Premier NASCAR Race Weekends & 200 Concerts, Trade & Consumer Shows Every Year
- In 2019, the Raceway Completed $30 Million in Infield Improvements
APARTMENT COMPLEXES ADJACENT TO PROPERTY:
- Colonial Apartment Homes (0.3 Miles) = 612 Units
- Treehouse Apartment Homes (0.6 Miles) = 466 Units
PROXIMITY FROM RICHMOND, VIRGINIA:
- Charlottesville, VA | 72 Miles
- Norfolk, VA | 93 Miles
- Virginia Beach, VA | 107 Miles
- Washington, D.C. | 109 Miles
- Baltimore, MD | 157 Miles
- Roanoke, VA | 164 Miles
- Raleigh, NC | 170 Miles
TRADE AREA DEMOGRAPHICS:
- 1-Mile Population = 4,851 Residents
- 1-Mile Average Household Income = $76,701
- 3-Mile Population = 65,483 Residents
- 3-Mile Average Household Income = $93,234
- 5-Mile Population = 226,225 Residents
- 5-Mile Average Household Income = $93,302
TENANT:
- Dollar General Corporation (NYSE: "DG")
- Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
- Ranked #108 on the Fortune 500 List