Building Details

Building Size 10,640 SF

Year Built 2023

Listing Agency: Furman Capital Advisors

Listed By: Robert Schmidt · License #81850 Show Phone

Source: Commercialcafe

Added: Jul 3 Changed: Oct 23 Last Checked: Oct 23 at 3:56AM

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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 Furman Capital Advisors

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Investment Insights

Based on property information with market context.

Furman Capital Advisors is pleased to offer the opportunity to purchase a recently constructed Dollar General located in Sutherland, Virginia.

The offering is positioned as a retail property tied to the Dollar General brand, presented as a for-sale investment opportunity.

The property is available at 21550 Cox Rd, Sutherland, VA 23885.

Key Highlights

• Recently constructed Dollar General for sale in Sutherland, Virginia
• Built in 2023

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$138,038

Cap Rate

7.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,760,760 $2.8M

Cap Rate 7%

$1,971,971 $2.0M

Cap Rate 9%

$1,533,756 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,640 SF

Gross rent

$197.9K $18.60/SF

− Vacancy

−$13.9K −$1.30/SF

EGI

$184.1K $17.30/SF

− OpEx

−$46.0K −$4.32/SF

NOI

$138.0K $12.97/SF

Area

Dinwiddie County, VA

Vacancy

7.00%

Lease Rate

$18.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,760,760

Cap Rate 7%

$1,971,971

Cap Rate 9%

$1,533,756

Alternative Uses

Best Use

Specialty Retail

$1.97M

$1.73M – $2.30M (±1% cap)

NOI $138,038 @ 7.0% cap · market cap 7.74%

Second Best

Retail

$1.66M

$1.45M – $1.94M (±1% cap)

NOI $116,126 @ 7.0% cap · market cap 6.51%

Theoretical Best

Office A

$2.46M

$2.15M – $2.87M (±1% cap)

NOI $172,074 @ 7.0% cap · market cap 9.65%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Dollar General Discount Store

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop Grocery & Convenience Store Gym & Fitness Center Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

7

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 23885, VA

2,779

Population

1,308

Households

2.1

Avg Household Size

47

Median Age

24%

College-Educated

96%

High-School Grad

34.2 sq mi

ZIP Area

81

Density / Sq Mi

$98,295

Median Household Income

$52,037

Median Earnings

$832

Median Rent

$271,600

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Recently constructed Dollar General is offered for sale in Sutherland, Virginia.

Where is this grocery and convenience store located?

The property is located at 21550 Cox Rd Sutherland, VA.

What is the asking price?

The asking price for this property is $1,784,000.

What are key features of this property?

This property features: Recently constructed Dollar General for sale in Sutherland, Virginia; Built in 2023