Chilhowie, VA - Dollar General
$1,525,000
258 W Lee Hwy, Chilhowie, VA 24319
6.4
Cap Rate
97,642
NOI
Details:
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
Location
Gallery