DOLLAR GENERAL | RICHMOND, VIRGINIA

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
Five (5) - Five (5) Year
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

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