Dollar General NNN Investment Property

1009 L P Bailey Memorial Hwy, Alton, VA

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NNN Dollar General in Alton, VA with extended lease.

Type:RETAIL

Property size:

9,002 SF

Lot size:

1.26 Acres

Price / SF:

$122/SF

HighLights

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.
Property built new in 2012.
Located at the intersection of Hwy 501 & North Main Street.
9,002sf building on 1.26 acres.

We can help!

Listing Contact

Doug Aronson

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For Sale

Contact for pricing

NNN Dollar General in Alton, VA with extended lease.

Type:RETAIL

Property size:

9,002 SF

Lot size:

1.26 Acres

Price / SF:

$122/SF

Added:: Apr 17, 2025
Days on Market:: 425
Last Refresh:: May 20 at 9:55 pm

Property Features for 1009 L P Bailey Memorial Hwy

General Information

Standard status: Active
Size: 9,002 SF
Lot size: 1.26 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Doug Aronson

Listing agent Doug Aronson License #0225205935

Listing office S.L. Nusbaum Realty Co - Corporate

Listing date Apr 17, 2025

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of S.L. Nusbaum Realty Co - Corporate

HighLights

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.
Property built new in 2012.
Located at the intersection of Hwy 501 & North Main Street.
9,002sf building on 1.26 acres.

Overview

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: -79.0028
Latitude: 36.5732

For sale
Storefront properties
VA
Alton
1009 L P Bailey Memorial Hwy

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.

1009 L P Bailey Memorial Hwy, Alton, VA

NNN Dollar General in Alton, VA with extended lease.

Property Features for 1009 L P Bailey Memorial Hwy

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Map

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