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40811 Morgan Ave
Pennington Gap, VA 24277
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate-guaranteed 10-year double-net lease with minimal landlord obligations
- Located on Duff Patt Hwy with visibility to 5,200 vehicles per day
- Backed by Dollar Tree, Inc., a Fortune 200 company with over 16,000 locations
- Hybrid Family Dollar/Dollar Tree format drives 20% higher sales
- One of the few national retailers in a rural submarket with limited competition
- Active roof warranty further reduces ownership risk
EXECUTIVE SUMMARY
Cushman & Wakefield | Thalhimer is pleased to exclusively offer for sale a newly constructed, corporately guaranteed Family Dollar Tree combo store in Pennington Gap, Virginia. This ±10,500 square foot property sits on ±1.102 acres and features Dollar Tree, Inc.’s latest hybrid format, combining both brands under one roof to drive broader appeal and generate approximately 20% higher sales than traditional stores.
The asset is secured by a 10-year double net lease with minimal landlord responsibilities limited to roof and structure, supported by an active roof warranty. Located directly on U.S. Highway 58, the site offers excellent visibility and access with ± 7,500 vehicles per day and serves as one of the few national retailers in the region.
Dollar Tree, Inc. (NASDAQ: DLTR) is a Fortune 200 company operating more than 16,000 locations nationwide, offering a recession-resistant, e-commerce-resilient model focused on value-driven essentials.
This opportunity offers investors reliable cash flow from a high-performing store concept in a supply-constrained rural market with limited competition and strong consumer demand.
The asset is secured by a 10-year double net lease with minimal landlord responsibilities limited to roof and structure, supported by an active roof warranty. Located directly on U.S. Highway 58, the site offers excellent visibility and access with ± 7,500 vehicles per day and serves as one of the few national retailers in the region.
Dollar Tree, Inc. (NASDAQ: DLTR) is a Fortune 200 company operating more than 16,000 locations nationwide, offering a recession-resistant, e-commerce-resilient model focused on value-driven essentials.
This opportunity offers investors reliable cash flow from a high-performing store concept in a supply-constrained rural market with limited competition and strong consumer demand.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,500 SF
Building Class
B
Year Built
2024
Price
$2,680,166 CAD
Price Per SF
$255.25 CAD
Cap Rate
7%
NOI
$187,612 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.10 AC
Zoning
None
Parking
28 Spaces (2.67 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 23E-(2)-A | Improvements Assessment | $0 CAD |
| Land Assessment | $147,176 CAD | Total Assessment | $147,176 CAD |
PROPERTY TAXES
Parcel Number
23E-(2)-A
Land Assessment
$147,176 CAD
Improvements Assessment
$0 CAD
Total Assessment
$147,176 CAD
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