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Dollar General 238 Harless Dr 9,026 SF Retail Building Dryden, VA 24243 $995,000 ($110.24/SF) 7.66% Cap Rate

Investment Highlights
- 6.5 years remaining term (June 30, 2032) with 4 five (5) year options.
- Tenant: Dollar General Corporation (NYSE: DG)
- Dollar General has operated successfully at this location since 2011,
- Lease Type: NNN
- Corporate guaranteed lease
Executive Summary
WCB Commercial Real Estate is pleased to present for sale the fee simple interest in a single-tenant net leased investment property located at 238 Harless Drive, Dryden, VA 24243. The property is 100% leased to Dollar General Corporation (NYSE: DG), a publicly traded, investment-grade tenant with over 19,000 locations nationwide. Dollar General has occupied this location since 2011 and is currently operating under a lease extended through June 30, 2032, providing approximately 6.5 years of remaining primary term, with four (4) five-year renewal options remaining. The ±9,026 square foot building was constructed in 2011 as a build-to-suit for Dollar General and is situated on a ±1.03-acre parcel. The lease is structured as triple net (NNN), requiring the tenant to pay all property-related expenses, including taxes, insurance, maintenance, roof, structure, and HVAC — offering a true passive ownership experience. The asset currently generates $76,177 in annual base rent ($8.44/SF). The site has performed consistently since inception and benefits from strong visibility and access along U.S. Route 58, a regional transportation corridor serving Lee County and surrounding communities. Anchored by a long-standing, investment-grade tenant with a recession-resistant operating model focused on essential goods, this offering presents an exceptional opportunity to acquire a stable, income-generating asset in a rural market with minimal landlord obligations and dependable long-term cash flow.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,026 SF
Building Class
B
Year Built
2011
Price
$995,000
Price Per SF
$110.24
Cap Rate
7.66%
NOI
$76,190
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
4.39 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Retailer | - | - | - |
Property Taxes
| Parcel Number | 25-(A)-29B | Improvements Assessment | $20,900 |
| Land Assessment | $0 | Total Assessment | $20,900 |
Property Taxes
Parcel Number
25-(A)-29B
Land Assessment
$0
Improvements Assessment
$20,900
Total Assessment
$20,900
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Dollar General | 238 Harless Dr
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