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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

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.
More about this property
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