Historical Retail Sale Listing - Dollar General - Saltville, VA - 15 Year NNN Lease

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Dollar General - Saltville, VA - 15 Year NNN Lease

216 E. Main Street, Saltville, VA 24370

N/A

9,100 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
9,100 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
10+ years left on lease
Construction Status:
Under Construction/
Proposed
Commission Split:
2%
Cap Rate:
8.25%
Occupancy:
100%
Tenancy:
Single
Lot Size:
0.72 AC
Listing ID
17447056
Last Updated
over 1 year ago

Description

Brand new 9,100 +/- sq ft Dollar general store scheduled to open in January 2012. This is a relocation of an existing store which has a proven record of strong sales. This is a NNN lease with Dollar General being responsible for all maintenance, insurance and taxes. Rental increase of 3% in year 11 and 5 five year options at 10% increases for each option period.

Building sits on a .72 acre lot on Main Street in Saltville, Virginia. There is very limited competition in the area and Dollar General has a proven track record of strong sales in Saltville.

Map of 216 E. Main Street, Saltville, VA 24370 (Smyth County)

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