Building Details

Year Built 2020

Tenancy Single

Listing Agency: One Investment Group

Listed By: Joseph Scarfone · License #FL BK3038208

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Aug 31 at 9:11AM

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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 One Investment Group

Investment Insights

Based on property information with market context.

This Dollar General property is supported by an absolute NNN lease structured for a 15-year term. The lease includes 10% rent increases every 5 years beginning in each option period, providing defined contractual escalation provisions. The tenant carries an investment-grade BBB rating from S&P.

Completed in 2020, the building occupies an intersection serving two major thoroughfares. The property is identified at 2515 Elon Rd in Monroe, Virginia. Its lease structure, tenant credit profile, recent construction date, and contractual increase schedule provide the principal investment characteristics associated with the asset.

Key Highlights

• Absolute NNN lease with a 15‑year term
• Investment‑grade tenant credit rated BBB by S&P
• 10% increases every 5 years beginning in each option period

Property Analytics

Current Use

Dollar General Discount Store Western Union Bank

Suggested Use

Top Pick Auto Repair Shop Cafe & Coffee Shop Hair Salon Restaurant Nail Salon Spa & Massage Center

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

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

26

Businesses Nearby

5k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

4,603 visits/mo 0.0 miles

Demographics for 24574, VA

3,868

Population

1,721

Households

2.2

Avg Household Size

45

Median Age

29%

College-Educated

93%

High-School Grad

106.4 sq mi

ZIP Area

36

Density / Sq Mi

$65,898

Median Household Income

$37,343

Median Earnings

$950

Median Rent

$219,300

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

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Frequently Asked Questions

What type of property is this?

NNN property - The asset carries an absolute NNN lease with a long contractual term.

Where is this nnn property located?

The property is located at 2515 Elon Rd Monroe, VA.

What are key features of this property?

This property features: Absolute NNN lease with a 15‑year term; Investment‑grade tenant credit rated BBB by S&P; 10% increases every 5 years beginning in each option period