Dollar General Market
Single-Tenant Offerings
Dollar General Market
A.L. Philpott Hwy. & Daniel Road
Axton, VA
- Price:
- $2,291,000
- Cap Rate:
- 6.70%
- NOI:
- $153,507
- Rentable SQFT:
- 12,668 SF
- Year Built:
- 2024
- Lot Size:
- 2.02 +/- 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 Construction on an Oversized Parcel
- Serving Over 50,000 Residents in Henry County, 53 Miles South of Roanoke
- Strategic Location, the Only Dollar General Market Store in the County
- Competition Void, High Need for Goods and Services
- Highly Visible Along Major East/West Artery, Direct Access to Norfolk and Virginia Beach
- Close Proximity to $400 Million Mixed-Use Development on 580-Acres with 2,000 Residences
- Minutes to NASCAR’s Martinsville Speedway
- South of Smith Mountain Lake State Park with 300,000+ Visitors Annually
- Situated in the Heart of the Appalachian Region where Tourism is the Fastest Growing Industry
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