Absolute NNN Dollar General
New
For Sale
$1,251,508
6113 Boonsboro Rd, Lynchburg, VA 24503
Corporate-backed retail tenancy with an Absolute Triple Net lease structure in Lynchburg, Virginia.
Property Size9,100 SF
Days on Market4
Property Features for 6113 Boonsboro Rd
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Retail - Freestanding
Building Details
Building Size
9,100 SF
Year Built
2013
Units
1
Tenancy
Single
Listing Agency:
Exclusive Realty
Listed By:
Steve Sagmani · License #6502426558
(248) 833-6601
Source:
Commercialcafe
Added: Sep 5
Last Checked: Sep 7 at 5:13AM
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 Exclusive Realty
Investment Insights
Based on property information with market context.
This 2013-built NNN investment property is leased to Dollar General under an Absolute Triple Net structure. The tenant is identified as a corporate-backed operator and is publicly traded as Dollar General Corporation (NYSE: DG). The lease format places the property within a passive-income investment profile, with no landlord responsibilities stated in the offering information.
The property is located at 6113 Boonsboro Rd in Lynchburg, Virginia. The surrounding area includes residential neighborhoods, dining, retail, cultural attractions, and recreational destinations including Lynchburg City Stadium. The site is also described as having access to major roadways within a central Virginia regional hub.
The property is located at 6113 Boonsboro Rd in Lynchburg, Virginia. The surrounding area includes residential neighborhoods, dining, retail, cultural attractions, and recreational destinations including Lynchburg City Stadium. The site is also described as having access to major roadways within a central Virginia regional hub.
Key Highlights
- Absolute Triple Net lease structure
- Dollar General corporate‑backed tenancy
- Dollar General Corporation trades on the NYSE as DG
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$110,418
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,208,360
$2.2M
Cap Rate 7%
$1,577,400
$1.6M
Cap Rate 9%
$1,226,867
$1.2M
Market Conditions
NOI Build-Up for 9,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$163.8K $18.00/SF
− Vacancy
−$6.1K −$0.67/SF
EGI
$157.7K $17.33/SF
− OpEx
−$47.3K −$5.20/SF
NOI
$110.4K $12.13/SF
Area
Lynchburg County, VA
Vacancy
3.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,208,360
Cap Rate 7%
$1,577,400
Cap Rate 9%
$1,226,867
Alternative Uses
Best Use
Retail
$1.58M
$1.38M – $1.84M
NOI $110,418 @ 7.0% cap · market cap 8.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.70M
$2.36M – $3.14M
NOI $188,698 @ 7.0% cap · market cap 15.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Explore this area
Business Placement
Demographics for 24503, VA
19,810
Population
8,755
Households
2.3
Avg Household Size
44
Median Age
59%
College-Educated
96%
High-School Grad
36.7 sq mi
ZIP Area
540
Density / Sq Mi
$92,025
Median Household Income
$46,521
Median Earnings
$972
Median Rent
$320,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Corporate-backed retail tenancy with an Absolute Triple Net lease structure in Lynchburg, Virginia.
Where is this nnn property located?
The property is located at 6113 Boonsboro Rd Lynchburg, VA.
What is the asking price?
The asking price for this property is $1,251,508.
What are key features of this property?
This property features: Absolute Triple Net lease structure; Dollar General corporate‑backed tenancy; Dollar General Corporation trades on the NYSE as DG
