Dollar General
$774,000
1747 Park Avenue Northwest, Norton, VA 24273
8
Cap Rate
61,920
NOI
Details:
Description:
Introducing a prime investment opportunity in Norton, VA: DOLLAR GENERAL at 1747 Park Avenue Northwest, Norton, VA 24273. This retail property listed at a competitive price of $774,000 offers a solid CAP rate of 8.0%.
Key investment highlights include a new HVAC unit in 2023, reimbursed CAM at $.65/sf, and a responsible Lessee maintaining the HVAC maintenance contract.
The property boasts a NOI of $61,920 and a rent of $6.80 per SF, with a spacious 9,100 SF building on 1.17 acres of land. Strategically located with high daily traffic counts and in proximity to Norton Community Hospital, the property benefits from Dollar General's strong lease history, including lease extensions with increases.
This opportunity presents a secure investment with a reliable corporate guarantor. Don't miss out on this lucrative deal - invest in the stability and growth potential of DOLLAR GENERAL at 1747 Park Avenue Northwest, Norton, VA 24273 today!
CAM Reimbursed at $.65/sf or actual cost, whichever is less
Tenant pays direct for insurance & reimburses for taxes
Lessee responsible to maintain HVAC maintenance contract
Standard 9,100 square foot store
4,300 Daily traffic counts along Park Avenue | 14,000 along US Hwy 58
Dollar General has extended the lease 3 times with increases
Pitched metal roof construction, asphalt parking lot
Located directly adjacent to the Norton Community Hospital (Ballad Health, 286 locations)
Documents:
| Title | ||
|---|---|---|
| DG Norton Offering Memorandum | ||
| Dollar General - Norton_ VA - Encore MP |
Location
Gallery
