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1014 Cody Rd
Nathalie, VA 24577
Dollar General · Retail Property For Sale
PROPERTY FACTS
About 1014 Cody Rd , Nathalie, VA 24577
NEW UPGRADED BRICK FRONT FAÇADE CONSTRUCTION Brand New 9,100 SF Build to Suit Dollar General in Nathalie, VA located at the intersection of Highway 501 (2,900VPD) and Cody Rd. (1,700 VPD). This store has upgraded brick front façade and is scheduled for delivery August 2018. INVESTMENT GRADE TENANT Dollar General is a publicly traded (NYSE: DG) Fortune 500 company that operates over 14,321 locations nationwide with a net worth of over four billion. Dollar General is opening 900 locations this year and currently holds an investment grade credit rating of BBB-/Stable with S&P. LONG-TERM CORPORATE NNN LEASE The subject property has a brand new 15-year Corporate Guaranteed Lease with Dollar General. The Tenant is 100% responsible for all expenses, including roof, structure, taxes, insurance and common area maintenance. There are 10 percent rent increases in each of the five, 5-year option periods. HOME TO MOLLIVER VINEYARDS & WINERY Molliver Vineyard and Winery is located on 134+ acres of rolling scenic and tranquil southern Virginia countryside. This popular tourist winery offers Tuscan style setting with European appearance. Many tourists and residents take full advantage of the wildlife at the river, stocked pond, hardwood forest, piney forests, picnic areas, and hiking trails. HALIFAX COUNTY VIRGINIA Strategically positioned between Lynchburg, VA (59 miles) and Durham, NC (60 miles), Halifax County is located in the Commonwealth of Virginia and is a thriving community that continues to maintain its southern charm. In April 2017, Dollar General's South Boston Distribution Center, located in Halifax County, celebrated its 20th anniversary. The area development authority has been working for 30 years to targeting and draw business in competitive sectors. The Industrial Development Authority (IDA) has operated since 1971 and its current focus is on Advanced Manufacturing, Bio- Data, Agribusiness and Lumber. Southside Virginia is regarded as one of the Commonwealth’s most abundant and sustainable wood baskets and agribusiness and forestry combined is a $91 billion industry in Virginia. The Governor of Virginia recently announced that Slick Rock Lumber will open a new sawmill operation in Halifax County and will invest $535,000 in site improvements and equipment needed to open the new hard- and softwood sawmill. Slick Rock is also committing to purchase more than $5 million of Virginia timber over the next three years, or 75 percent of the forestry inputs needed for the new production venture.
PROPERTY TAXES
Parcel Number | 21790 | Improvements Assessment | $445,712 |
Land Assessment | $135,133 | Total Assessment | $580,845 |
PROPERTY TAXES
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Listing ID: 12414223
Date on Market: 4/30/2018
Last Updated:
Address: 1014 Cody Rd, Nathalie, VA 24577