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6070 Kentuck Rd
Ringgold, VA 24586
Dollar General - Ringgold, VA · Retail Property For Sale
PROPERTY FACTS
ABOUT 6070 KENTUCK RD , RINGGOLD, VA 24586
Fortis Net Lease is pleased to present this 9,100 SF. Dollar General store located in Ringgold, VA. The property is encumbered with a Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5 (5) Yr. Options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store is opening soon, with rent scheduled to commence on 10/05/2018. This Dollar General is highly visible as it is strategically positioned on Kentuck Rd. The five mile population from the site is 9,355 while the two mile average household income $50,615 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 6.7% cap rate based on NOI of $91,338.96.
PROPERTY TAXES
| Parcel Number | 2349-89-7712 | Improvements Assessment | $96,200 |
| Land Assessment | $40,000 | Total Assessment | $136,200 |
PROPERTY TAXES
