Dollar General @Mt. Rogers National Park

$1,150,000

5409 Sugar Grove Highway, Sugar Grove, VA 24375

For Sale

Retail Free Standing

Active

Last Updated: 10/08/2024

Details:

Cap Rate: 7.3%

NOI: $83,956

Building Size: 7,489 sqft

Lot Area: 0.92 acres

Occupancy: 100%

Class: A

Lease Type: Absolute Net

Year Built: 2017

Price Per Sqft: $153.56

Tenancy: Single

Offered by

Michael J. Early

First Vice President Investments

Marcus & Millichap

#License: VA: 0225 075402

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Highlights:

Sound Going-In Return of 7.30 Percent Cap Investment
Store has Fresh and Cold Stored Food Products
Located on the Main East-West Road Through Town
Absolute-Net Lease – Zero Landlord Responsibilities
On Access Road for Entrance to National Park

Description:

INVESTMENT HIGHLIGHTS
Excellent Visibility on Elevated Parcel
Sound Going-In Return of 7.30 Percent Cap Investment
Grade Credit Tenant – BBB S&P
Store has Fresh and Cold Stored Food Products
Seasoned and Proven Location Delivered Oct. ‘17
Low Rent of $11.21/SF Mitigates Future Relocation
Next Closest Dollar General Store is ~7 Miles Away
Located on the Main East-West Road Through Town
Absolute-Net Lease – Zero Landlord Responsibilities
Very Limited Competition in Underserved Retail Market