Attractive Long-Term NNN Lease Structure: Absolute NNN lease with ~ 12 years of remaining primary term and zero landlord responsibilities, featuring five 5-year renewal options with 10% increases, providing investors with long-term cash flow stability.
Corporate Dollar General Commitment: Dollar General is the nation’s largest discount retailers and maintains an S&P BBB investment-grade credit rating, operating more than 20,000 stores across the U.S. and Mexico and generating approximately $40.6 billion in annual revenue.
Updated Construction: The property features the high quality design features including brick and hardy plank exterior walls and a metal roof.
Exceptional Foot Traffic Counts: Placer.ai ranks this Dollar General in the 87th percentile nationally and the 94th percentile within Virginia for annual customer visits, indicating performance that exceeds most comparable locations.
Affluent Consumer Base: A 5-mile average household income of $105,038 underscores the submarket’s strong purchasing power that supports long-term tenant performance.
Direct Exposure to Major Regional Employment Center: Located directly across the street from a 1.2 million square foot Walmart logistics facility, the property is positioned adjacent to one of the area’s largest employment generators that supports over 1,000 jobs and substantial daily traffic.
1 Best Town to Visit: Situated within the Richmond MSA, the property benefits from its proximity to a community recognized by CNN as the #1 Town Among “America’s 10 Best Towns to Visit.” This national distinction underscores the area’s strong tourism appeal, vibrant local economy, and growing regional profile, supporting sustained consumer activity and long-term commercial real estate demand.