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238 Harless Dr 9,026 SF Retail Building Dryden, VA 24243 $995,000 ($110.24/SF) 7.66% Cap Rate
Investment Highlights
- 100% leased to Dollar General Corporation (NYSE: DG) under an absolute NNN structure with no landlord responsibilities.
- Built-to-suit construction in 2011 for Dollar General’s operational model, ensuring long-term functionality and tenant retention.
- Investment-grade tenancy offering predictable returns and stability with a cap rate of 7.66%.
- Approximately 6.5 years remaining on primary term with four five-year renewal options and 10% rent increases at each option.
- Positioned along U.S. Route 58, providing regional connectivity and strong visibility in a rural trade area with limited competition.
- Recession-resistant business model focusing on essential consumer goods, providing consistent foot traffic in all market conditions.
Executive Summary
With an offering price of $995,000 and a 7.66% cap rate, this Dollar General represents a compelling opportunity for buyers seeking predictable, long-term cash flow and minimal management obligations in a recession-resistant retail sector.
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
$76,217
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
4.39 AC
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
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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238 Harless Dr
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