Dollar General for Sale in Heathsville, VA
Heathsville, VA
Key Investment Metrics
Price
$1,591,000
Cap Rate
7.3%
Net Operating Income
$115,359
Building Size
10664 SF
Land Area
3.08 Acres
Remaining Term
12.5 years
Lease Expiration
12/31/2038
Lease Term
15 years
Lease Commencement
12/19/2023
Lease Type
NN+
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2023
Occupancy
100%
Tenancy
Single
Rent Increases
10% Each Option
Property overview
Dollar General in Heathsville
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 10,664 SF
- Land area
- 3.08 acres
- Year built
- 2023
- Lease type
- NN+
- Lease expiration
- 12/31/2038
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.