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Dollar General - Chilhowie VA 258 W Lee Hwy 9,000 SF Retail Building Chilhowie, VA 24319 $1,525,000 ($169.44/SF) 6.40% Cap Rate
Investment Highlights
- Over 10 Years Remaining | Scheduled Rental Increases | Established Brand
- Across from Food City | Strong National/Credit Tenant Presence | Near Chilhowie High School
- Strong Demographics Within 10-mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | Store Remodeled in 2025
- Along W Lee Hwy | Interstate 81 | Excellent Visibility & Access
Executive Summary
• The tenant currently has over 10 years remaining on their initial lease with 5 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation
• As of October 31, 2025, the Company’s 20,901 Dollar General, DG Market, DGX and popshelf stores across the United States
• The lease features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation
• As of October 31, 2025, the Company’s 20,901 Dollar General, DG Market, DGX and popshelf stores across the United States
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,000 SF
Building Class
C
Year Built/Renovated
2021/2025
Price
$1,525,000
Price Per SF
$169.44
Cap Rate
6.40%
NOI
$97,642
Tenancy
Single
Building Height
1 Story
Building FAR
0.42
Lot Size
0.49 AC
Opportunity Zone
Yes
Amenities
- Corner Lot
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 53D2-A-49A | Improvements Assessment | $1,330,100 |
| Land Assessment | $230,500 | Total Assessment | $1,560,600 |
Property Taxes
Parcel Number
53D2-A-49A
Land Assessment
$230,500
Improvements Assessment
$1,330,100
Total Assessment
$1,560,600
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Dollar General - Chilhowie VA | 258 W Lee Hwy
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