Share This Listing

Message

947 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

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

Save this listing!

Favorite this listing to get notified of price updates, new media and more

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
  • -
  • -
  • -

DG is proud to be America’s neighborhood general store. They strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - -

Property Taxes

Property Taxes

Parcel Number
25-(A)-29B
Land Assessment
$0
Improvements Assessment
$20,900
Total Assessment
$20,900
  • Listing ID: 37027303

  • Date on Market: 7/30/2025

  • Last Updated:

  • Address: 238 Harless Dr, Dryden, VA 24243

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}