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Chilhowie, VA - Dollar General

$1,525,000

258 W Lee Hwy, Chilhowie, VA 24319

Active
Last Updated: 03/10/2026

6.4

Cap Rate

97,642

NOI

Details:
Cap Rate:    6.4%
NOI:    $97,642
Building Size:    9,000 sqft
Lot Area:    0.49 acres
Year Built:    2021
Year Last Renovated:    2025
Description:

• 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 subject property is across the street from a Food City
• The site is near multiple national/credit tenants which include McDonald’s, Taco Bell, Advance Auto Parts, Subway, Truist and more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The asset is in close proximity to Chilhowie High School (400 students), further increasing consumer traffic to the site

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