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Dollar General - Recent Extension -7.5+ Yrs 4360 Pension St

9,202 SF Retail Building Chincoteague Island, VA 23336 $1,340,000 ($146/SF) 7.01% Cap Rate

Retail Space Virginia Chincoteague Island 4360 Pension St, Chincoteague Island, VA 23336

Investment Highlights

  • Approximately 7.50 Years of Remaining Lease Term | Two (2) - Five (5) Year Option Periods with 10% Rental Increases
  • Complete Roof Replacement in November 2022 | 30-Year Warranty
  • Recent HVAC Replacement/Repairs | New 10-Ton HVAC Unit Installed in July 2024 - Secondary HVAC Unit Rebuilt in November 2023
  • Dollar General Has Been Operating at this Location for 30+ Years | Since 1992, Dollar General Has Extended the Lease Eight Times
  • Tenant Recently Remodeled the Store at their Sole Cost & Expense in April 2024
  • Strong Placer AI Data - 208,000 Visits | Nationwide (1,153/18,916) = Top 7% | Statewide (7/458) = Top 2%

Executive Summary

Schuchert Retail Group and Brian Brockman (Bang Realty, Inc.) are pleased to exclusively present for sale the 9,202 SF Dollar General located at 4360 Pension Street, Chincoteague, VA 23336.
In Conjunction With: Brian Brockman (Bang Realty, Inc) - License #0226031911
VA License #0226031911

Attachments

DG - Chincoteague, VA - Offering Memorandum

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
9,202 SF
Building Class
C
Year Built
1992
Price
$1,340,000
Price Per SF
$146
Cap Rate
7.01%
NOI
$93,945
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.21 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Retailer
  • -
  • -
  • Jul 2032

At Dollar General, their actions are guided by a simple mission: Serving Others. For their customers, this means placing them at the center of all they do, working every day to deliver value and convenience through their neighborhood general stores. For their employees, this means respect and the opportunity to grow and develop their careers, and for their communities, this means helping support the communities they call home. They strive to make shopping hassle-free and affordable with easy-to-shop stores. Their stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Retailer - - Jul 2032

Links

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Nearby Major Retailers

Atlantic Union Bank
Ymca
PNC Bank

PROPERTY TAXES

Parcel Number 030-A6-A0-00-0003-00 Improvements Assessment $280,600
Land Assessment $175,500 Total Assessment $456,100

PROPERTY TAXES

Parcel Number
030-A6-A0-00-0003-00
Land Assessment
$175,500
Improvements Assessment
$280,600
Total Assessment
$456,100
(310) 971-3116

Contacts

  • Listing ID: 34345102

  • Date on Market: 1/2/2025

  • Last Updated:

  • Address: 4360 Pension St, Chincoteague Island, VA 23336

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Dollar General - Recent Extension -7.5+ Yrs | 4360 Pension St
(310) 971-3116 x

Dollar General - Recent Extension -7.5+ Yrs | 4360 Pension St

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Joe Schuchert

(310) 971-3116

(310) 971-3116

Jim Schuchert CCIM

(310) 971-3892

(310) 971-3892

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