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    1009 L P Bailey Memorial Hwy Alton, VA

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    For Sale
    $1,106,655

    NNN Dollar General in Alton, VA with extended lease.

    Property size:
    9,002 SF
    Lot size:
    1.26 Acres

    Property Features for 1009 L P Bailey Memorial Hwy

    General Information

    Size
    9,002 SF
    Lot size
    1.26 Acres

    Source: S.L. Nusbaum Realty Co - Corporate Agent Doug Aronson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Dollar General NNN Investment Property

    The Dollar General property is located at the intersection of Highway 501 and North Main Street in Halifax, Virginia. Constructed in 2012, the building encompasses 9,002 square feet and is situated on a 1.26-acre lot. The property is approximately 6 miles north of South Boston, Virginia. The absolute NNN lease (no landlord responsibilities) was recently recast and extended to October 31, 2032, with five 5-year options. The lease includes 10% rent increases in each option period.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Alton
    County
    Halifax
    State
    Virginia
    Longitude
    -79.0027896
    Latitude
    36.5731952

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    FAQs

    What type of property is this?
    Storefront property - NNN Dollar General in Alton, VA with extended lease.
    Where is this storefront property located?
    The property is located at 1009 L P Bailey Memorial Hwy Alton, VA.
    What is the asking price?
    The asking price for this property is $1,106,655.
    What are key features of this property?
    This property features: - Absolute NNN lease - enjoy hands-off ownership with no landlord responsibilities.; - Lease extended to October 31, 2032, with five, 5-year options, providing long-term stability.; - 10% rent increases in each option period, ensuring increasing returns.
    (757) 287-1490
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    1009 L P Bailey Memorial Hwy Alton, VA
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1009 L P Bailey Memorial Hwy Alton, VA
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