Dollar General | 11811 E Lynchburg Salem Tpke
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Dollar General 11811 E Lynchburg Salem Tpke
9,100 SF Retail Building Forest, VA 24551 $1,354,906 ($149/SF) 6.40% Cap Rate
Investment Highlights
- Absolute NNN Lease - No Landlord Responsibilities
- 10 Years Left on Primary Term - 10% Rental Increases in each of the Five 5-Year Options
- Easy Access Location on a Major East-West Thoroughfare, 15 Minutes from Lynchburg Regional Airport & Liberty University
- Corporate Guaranteed by Dollar General - National Retailer with Revenue Exceeding $27 Billion Annually
- Essential Retailer - Open and Paying Rent
- Excellent Demographics - Over 28,000 people in a 5-mile radius, with an Average Household Income of $80,433
Executive Summary
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 Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
C
Year Built
2015
Price
$1,354,906
Price Per SF
$149
Cap Rate
6.40%
NOI
$86,714
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.75 AC
Zoning
C - Commercial
Parking
30 Spaces (3.3 Spaces per 1,000 SF Leased)
Frontage
186 FT on E Lynchburg Sale Turnpike
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Dollar General
- Retailer
- -
- -
- -
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
Dollar General | Retailer | - | - | - |
PROPERTY TAXES
Parcel Number | 15302500 | Improvements Assessment | $793,500 |
Land Assessment | $296,000 | Total Assessment | $1,089,500 |
PROPERTY TAXES
Parcel Number
15302500
Land Assessment
$296,000
Improvements Assessment
$793,500
Total Assessment
$1,089,500
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Dollar General | 11811 E Lynchburg Salem Tpke
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