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Dollar General 216 E Main St 9,240 SF Retail Building Saltville, VA 24370 $1,447,600 ($156.67/SF) 7.50% Cap Rate
EXECUTIVE SUMMARY
Absolute NNN Lease – Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
Recent Extension – Dollar General Singed a Brand New 10-Year Lease Extension in July 2024
Lease Term – Over 9 Years Remaining on the Base Lease Term
2012 Construction – Dollar General has successfully operated here for 13+ Years
Demographics – 7-Mile Population of ±10,695 Residents
AHHI – Average Household Income of $74.1k within a 7-Mile Radius of the Site
Trade Area – 700ft Proximity to Northwood High School (240+ Students)
Limited Competition – Sole Discount Realtor in Saltville
Recent Extension – Dollar General Singed a Brand New 10-Year Lease Extension in July 2024
Lease Term – Over 9 Years Remaining on the Base Lease Term
2012 Construction – Dollar General has successfully operated here for 13+ Years
Demographics – 7-Mile Population of ±10,695 Residents
AHHI – Average Household Income of $74.1k within a 7-Mile Radius of the Site
Trade Area – 700ft Proximity to Northwood High School (240+ Students)
Limited Competition – Sole Discount Realtor in Saltville
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,240 SF
Building Class
C
Year Built
1964
Price
$1,447,600
Price Per SF
$156.67
Cap Rate
7.50%
NOI
$108,560
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.72 AC
Zoning
B-2
Parking
35 Spaces (3.79 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 28A8-3-1 | Improvements Assessment | $612,400 |
| Land Assessment | $180,000 | Total Assessment | $792,400 |
PROPERTY TAXES
Parcel Number
28A8-3-1
Land Assessment
$180,000
Improvements Assessment
$612,400
Total Assessment
$792,400
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Dollar General | 216 E Main St
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