Dollar General
9,100 SF | Retail Building | Forest, VA 24551 | $1,354,906 ($149/SF) | 6.40% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,354,906
- Property Type
-
Retail
- Square Feet
- 9,100 SF
- Price / Square Foot
- $149
Listing Contacts
Christopher Twist
Verified Profile
- Property Info
Property Overview
The Twist Capital Team of Colliers International presents the opportunity to acquire this freestanding Dollar General located at 11811 East Lynchburg Salem Turnpike in Forest, Virginia. The property is strategically positioned on a major east-west thoroughfare with a 5 mile population exceeding 28,000 people.
Property Details
- Class
- C
- Year Built
- 2015
- Stories
- 1
- Property Subtype
- Freestanding, Storefront Retail/Office
- Lot Size (sq. ft)
- 76,230 SF
Highlights
- Absolute NNN Lease - No Landlord Responsibilities
- Corporate Guaranteed by Dollar General - National Retailer with Revenue Exceeding $27 Billion Annually
- 10 Years Left on Primary Term - 10% Rental Increases in each of the Five 5-Year Options
- Essential Retailer - Open and Paying Rent
- Easy Access Location on a Major East-West Thoroughfare, 15 Minutes from Lynchburg Regional Airport & Liberty University
- Excellent Demographics - Over 28,000 people in a 5-mile radius, with an Average Household Income of $80,433
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