Dollar General Market
Single-Tenant Offerings
Dollar General Market
Highway 11 (near Sterrett Road)
Fairfield, VA
- Price:
- $2,461,000
- Cap Rate:
- 6.85%
- NOI:
- $168,594
- Rentable SQFT:
- 12,668 SF
- Year Built:
- 2024
- Lot Size:
- 1.8 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Available
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- Rare 5% Rental Increases Every 5 Years Throughout the Base Term and Options
- Upgraded Market Store, Larger Format with Expanded Produce/Grocery Items
- Investment Grade Credit Tenant, Rated ‘BBB’ by S&P
- Dollar General is the Largest Retailer in the U.S. with 19,700+ Stores
- Classified Nationally as an Essential Retailer for Daily Shopping Needs
- Brand New Brick Construction on an Oversized Parcel
- Serving Over 22,600 Residents in Rockbridge County
- Strategic Location, Nearest Dollar Store is Over 13 Miles Away
- Competition Void, High Need for Goods and Services
- Highly Visible Along Major North/South Artery and Easy Access to I-81 with 48,000 Cars/Day
- Close Proximity to George Washington and Jefferson National Forest with 3+ Million Visitors Annually
- Just North of Shenandoah National Park with 1.4 Million Visitors Annually
- Situated in the Heart of the Appalachian Region where Tourism is the Fastest Growing Industry
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