Dollar General Net Lease Opportunity | 7.3% Cap Rate
$1,195,000
12977 Franklin Turnpike, Chatham, VA 24531
9,100 sqft
Building Size
1.82 acres
Lot Area
Details:
Highlights:
- • ESSENTIAL RETAILER: Attractive ±9,100 SF store serving a trade area with limited retail competition and convenience shopping options
- • PROVEN PERFORMANCE: Placer.ai shows this location is in the top 53% of national store performance of nearly 21,000 Dollar Generals in the US
- • EASE OF NNN LEASE: Easy NNN 15-year lease with 6+ years remaining on the term and many renewal options
- • INVESTMENT GRADE TENANT: Dollar General is a respected investment grade tenant with locations in 48 states
- • LOCATION APPEAL: Locals enjoy low cost of living, natural beauty and being part of state and national history while being close to major cities including Danville, Greensboro, and Lynchburg
Description:
ATTENTION Investors! Are you seeking a stable, absolute NNN single tenant retail investment? This Dollar General is THE ONE, located in Chatham, VA (Danville, VA MSA) and serves as a key retail destination for the surrounding area due to limited nearby competition. It provides access to convenience shopping for items such as groceries and household essentials. Placer.ai shows that this location performs in the top 53% of all Dollar Generals in the US, despite its more rural location.
This ±9,100 SF Dollar General sits on just under two acres. The tenant has operated here since 2017. This 15-year absolute NNN lease has 6 years remaining and five 5-year renewal options. Investors benefit from passive income with no landlord responsibilities, low rent/SF of $9.65, and an investment grade national tenant with almost 21,000 stores in 48 states.
Chatham, the county seat of Pittsylvania County, is in southern Virginia, located approximately 45 miles north of Greensboro, NC and 50 miles south of Lynchburg, VA. The area is renowned for its natural beauty, low cost of living, history, and charm. Its proximity to Danville and regional highways provides connectivity while maintaining strong small-town fundamentals. It is also on the Virginia Landmarks Register and the National Register of Historic Places.
This ±9,100 SF Dollar General sits on just under two acres. The tenant has operated here since 2017. This 15-year absolute NNN lease has 6 years remaining and five 5-year renewal options. Investors benefit from passive income with no landlord responsibilities, low rent/SF of $9.65, and an investment grade national tenant with almost 21,000 stores in 48 states.
Documents:
| Title | ||
|---|---|---|
| 12977_Franklin_Turnpike_OM_6.2.2026.pdf |
Location
Gallery
