Dollar General
$1,150,922
1009 L P Bailey Memorial Highway, Republican Grove, VA 24577
7.5
Cap Rate
9,002 sqft
Building Size
Details:
Description:
The Dollar General at 1009 L.P. Bailey Memorial Hwy sits at the intersection of Hwy 501 & North Main Street in Halifax, VA.
Built new in 2012, the property contains a 9,002sf building on 1.26 acres. The property is approximately 6 miles north of South Boston, VA which is home to a variety of locally-owned restaurants and live entertainment.
Dollar General recently recast the Absolute NNN lease (no landlord responsibilities) and extended out to October 31, 2032 with five, 5-year options. There are 10% rent bumps in each option period.
Halifax, VA is a County in Virginia in the southern-central portion of the state, bounded by the shores of Banister Lake and the lower Banister River.
Halifax is the county seat and has been admired for its historic houses, churches and lush landscaping for over a century. The county has upgraded its wireless broadband technology and revitalized its downtown for future economic growth.
Halifax offers residents, businesses, and visitors the charm of a small town and the relaxed atmosphere of a rural retreat.
Documents:
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| Dollar_General_-_Halifax_VA_-_OM.pdf |
Location
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