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Dollar General | 6.5+ Yrs | Top 4% Nationwide 4360 Pension St 9,202 SF Retail Building Chincoteague Island, VA 23336 $1,212,193 ($131.73/SF) 7.75% Cap Rate
Investment Highlights
- Approximately 6.5 Years of Remaining Lease Term
- Dollar General Has Been Operating at this Location for 30+ Years | Since 1992, Dollar General Has Extended the Lease Eight Time
- Complete Roof Replacement in November 2022 | 30-Year Warranty
- In November 2024 (2.5 Years Prior to Lease Expiration), Dollar General Extended The Lease for an Additional 5 Years Through July 31, 2032
- Tenant Recently Remodeled the Store at their Sole Cost & Expense
Executive Summary
Schuchert Retail Group and Brian Brockman (Bang Realty, Inc.) are pleased to exclusively present for sale the 9,202 SF Dollar General located at 4360 Pension Street, Chincoteague, VA 23336.
In Conjunction With: Brian Brockman (Bang Realty, Inc) - License #0226031911
VA License #0226031911
In Conjunction With: Brian Brockman (Bang Realty, Inc) - License #0226031911
VA License #0226031911
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,202 SF
Building Class
C
Year Built
1992
Price
$1,212,193
Price Per SF
$131.73
Cap Rate
7.75%
NOI
$93,945
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.21 AC
Opportunity Zone
Yes
Parking
28 Spaces (3.04 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Monument Signage
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 | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 030-A6-A0-00-0003-00 | Improvements Assessment | $280,600 |
| Land Assessment | $175,500 | Total Assessment | $456,100 |
Property Taxes
Parcel Number
030-A6-A0-00-0003-00
Land Assessment
$175,500
Improvements Assessment
$280,600
Total Assessment
$456,100
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Dollar General | 6.5+ Yrs | Top 4% Nationwide | 4360 Pension St
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