This property is Off-Market

216 E. Main Street
Saltville, VA 24370 ·

9,100 SF · Retail For Sale

N/A

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Dollar General - Saltville, VA - 15 Year NNN Lease

Price N/A Commission Split 2%
Building Size 9,100 SF Cap Rate 8.25%
Property Type Retail Occupancy 100%
Property Sub-type Free Standing Bldg Tenancy Single
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 0.72 AC
Construction Status Under Construction/Proposed
Listing ID: 17447056 Date Created: 12/09/2011 Last Updated: 04/16/2012

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.

Research

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

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