Property Details

Dollar General

Petersburg, VA
Property ID: 2162

    Financial Summary

    Asking Price $1,420,984
    Cap Rate 6.50%
    Net Operating Income (NOI) $92,361
    Lease Type NNN
    Lease Term Remaining 11 Years
    Increases 3% in Year 11 & 10% in Option Periods
    The Offering Memorandum for this property is no longer available.

    Contact

    Andrew Fallon
    Executive Managing Director
    703.787.4733

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    Highlights

    • Investment grade credit S&P: BBB
    • 15 year corporate net lease
    • Structured rent increases: 3% rent Increase in year 11 & 10% rent increase in options
    • I-95/Fort Lee location
    • Strong demographics: population of 40,000 within 3 miles

    Net Lease Advisor

    For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

    Location

    2131 E. Washington Street
    Petersburg, VA

    Traci BidingerDollar General