Dollar General
Single-Tenant Offerings
Dollar General
1340 Roanoke St.
Christiansburg, VA
- Price:
- $2,180,000
- Cap Rate:
- 6.60%
- NOI:
- $143,904
- Rentable SQFT:
- 10,640 SF
- Year Built:
- 2024
- Lot Size:
- 1.43 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Under Contract
Investment Highlights
- 15-Year Absolute NNN Lease, No Landlord Responsibilities
- Rare 5% Rental Increases Every 5 Years Throughout the Base Term and Options
- Relocation of High-Performing Inline Store Nearby, Proven Concept in Trade Area
- Investment Grade Credit Tenant (BBB Rating by S&P), Largest Retailer in the U.S. with 19,700+ Stores
- Brand New Construction on an Oversized Parcel
- Serving Over 61,000 Residents in Dense Trade Area, Average HHI of $79,000+ in 1-Mile Radius
- Highly Visible Along Major Commercial Artery with 15,800 Cars/Day
- Easy Access to I-81 with 52,000 Cars/Day and SR 460 with 34,500 Cars/Day
- Down the Street from Food Lion, Tractor Supply, and Motor Mile with Several Car Dealerships
- Strong Daytime Population, Over 23,500 Employees in the Immediate Trade Area
- Surrounded by Several K-12 Schools with Approximately 5,000 Students
- Close Proximity to the George Washington and Jefferson National Forest with 3+ Million Visitors Annually and Claytor Lake State Park
- Situated in the Heart of the Appalachian Region where Tourism is the Fastest Growing Industry
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