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161 Whitmell School Rd 9,100 SF Retail Building Dry Fork, VA 24549 $1,625,809 CAD ($178.66 CAD/SF) 7.35% Cap Rate
Investment Highlights
- ESSENTIAL RETAILER: Attractive ±9,100 SF store serving a trade area with limited retail competition and convenience shopping options
- EASE OF NNN LEASE: Easy NNN 15-year lease with 6+ years remaining on the term and many renewal options
- LOCATION APPEAL: Locals enjoy low cost of living, natural beauty and being part of state and national history while being close to major cities
- PROVEN PERFORMANCE: Placer.ai shows this location is in the top 53% of national store performance of nearly 21,000 Dollar Generals in the US
- INVESTMENT GRADE TENANT: Dollar General is a respected investment grade tenant with locations in 48 states
Executive Summary
ATTENTION Investors! Are you seeking a stable, absolute NNN single tenant retail investment? This Dollar General is THE ONE, located in Chatham, VA (Danville, VA MSA) and serves as a key retail destination for the surrounding area due to limited nearby competition. It provides access to convenience shopping for items such as groceries and household essentials. Placer.ai shows that this location performs in the top 53% of all Dollar Generals in the US, despite its more rural location.
This ±9,100 SF Dollar General sits on just under two acres. The tenant has operated here since 2017. This 15-year absolute NNN lease has 6 years remaining and five 5-year renewal options. Investors benefit from passive income with no landlord responsibilities, low rent/SF of $9.65, and an investment grade national tenant with almost 21,000 stores in 48 states.
Chatham, the county seat of Pittsylvania County, is in southern Virginia, located approximately 45 miles north of Greensboro, NC and 50 miles south of Lynchburg, VA. The area is renowned for its natural beauty, low cost of living, history, and charm. Its proximity to Danville and regional highways provides connectivity while maintaining strong small-town fundamentals. It is also on the Virginia Landmarks Register and the National Register of Historic Places.
This ±9,100 SF Dollar General sits on just under two acres. The tenant has operated here since 2017. This 15-year absolute NNN lease has 6 years remaining and five 5-year renewal options. Investors benefit from passive income with no landlord responsibilities, low rent/SF of $9.65, and an investment grade national tenant with almost 21,000 stores in 48 states.
Chatham, the county seat of Pittsylvania County, is in southern Virginia, located approximately 45 miles north of Greensboro, NC and 50 miles south of Lynchburg, VA. The area is renowned for its natural beauty, low cost of living, history, and charm. Its proximity to Danville and regional highways provides connectivity while maintaining strong small-town fundamentals. It is also on the Virginia Landmarks Register and the National Register of Historic Places.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2017
Price
$1,625,809 CAD
Price Per SF
$178.66 CAD
Cap Rate
7.35%
NOI
$119,497 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.82 AC
Zoning
B-1
Parking
37 Spaces (4.06 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signage
- Air Conditioning
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 1472-76-6723 | Improvements Assessment | $1,826,213 CAD |
| Land Assessment | $170,064 CAD | Total Assessment | $1,996,276 CAD |
Property Taxes
Parcel Number
1472-76-6723
Land Assessment
$170,064 CAD
Improvements Assessment
$1,826,213 CAD
Total Assessment
$1,996,276 CAD
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161 Whitmell School Rd
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