Absolute NNN Dollar General
For Sale
Contact for pricing
4814 Penlan Rd, New Canton, VA 23123
2017 build-to-suit Dollar General with absolute NNN structure and over 10.5 years remaining on the base lease term.
Property SizeContact for details
Days on Market122
Property Features for 4814 Penlan Rd
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2017
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Brett Baumgartner · License #TX 701324
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 8:20PM
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 Matthews
Investment Insights
Based on property information with market context.
This 2017 build-to-suit Dollar General property is offered with an absolute NNN lease structure, with zero landlord responsibilities. The base lease has over 10.5 years remaining, and the lease is corporately guaranteed by Dollar General Corporation. The offering materials also reference an S&P credit rating of BBB for Dollar General.
The property is positioned off Highway 33, described as the main thoroughfare connecting Richmond and Harrisonburg, and in New Canton with access off James Madison Highway. The site is on a dense lot totaling over 2.61 acres and includes five 5-year renewal options.
The provided lease terms indicate that each renewal includes 10% rent increases. The property is listed for sale at 4814 Penlan Rd, New Canton, VA 23123.
The property is positioned off Highway 33, described as the main thoroughfare connecting Richmond and Harrisonburg, and in New Canton with access off James Madison Highway. The site is on a dense lot totaling over 2.61 acres and includes five 5-year renewal options.
The provided lease terms indicate that each renewal includes 10% rent increases. The property is listed for sale at 4814 Penlan Rd, New Canton, VA 23123.
Key Highlights
- 2017 Dollar General build‑to‑suit with an absolute NNN lease structure
- Over 10.5 years remaining on the base term of the lease
- Absolute NNN with zero landlord responsibilities
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
3,611 visits/mo
0.1 miles
Demographics for 23123, VA
1,827
Population
743
Households
2.5
Avg Household Size
47
Median Age
2%
College-Educated
86%
High-School Grad
43.2 sq mi
ZIP Area
42
Density / Sq Mi
$65,288
Median Household Income
$43,563
Median Earnings
$950
Median Rent
$159,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - 2017 build-to-suit Dollar General with absolute NNN structure and over 10.5 years remaining on the base lease term.
Where is this nnn property located?
The property is located at 4814 Penlan Rd New Canton, VA.
What are key features of this property?
This property features: 2017 Dollar General build‑to‑suit with an absolute NNN lease structure; Over 10.5 years remaining on the base term of the lease; Absolute NNN with zero landlord responsibilities
