201 Beech Dr
Newport News, VA 23601
Retail Property For Sale
Property Facts
About 201 BEECH DR , NEWPORT NEWS, VA 23601
Marcus & Millichap is pleased to exclusively market for sale a Dollar General store of approximately 7,489 square feet located in Newport News, Virginia. The Dollar General is located at the intersection of Beech Drive and Willow Drive with traffic counts of 34,860. The Dollar General is operating under a brand new, 15-year Absolute Net lease with 10 percent rent increases in each of the five, five-year renewal options. The lease is guaranteed by Dollar Gener-al Corporation, which is publicly traded on the New York Stock Ex-change under the ticker “DG” and has a current “BBB” credit rating by Standard & Poors. The City of Newport News sits on a prime vantage point where the James River meets the Chesapeake Bay. The city runs approximately 23 miles along the James River and the Hampton Roads Harbor. The community is filled with diverse trades including ship-building, technological research, and international commerce.
Property Taxes
| Parcel Number | 255.00-02-42 | Improvements Assessment | $878,400 |
| Land Assessment | $277,800 | Total Assessment | $1,156,200 |
Property Taxes
