Dollar General NNN Retail
For Sale
Contact for pricing
6840 W Lee Hwy, Rural Retreat, VA 24368
Corporate-backed retail investment with an absolute NNN lease and limited landlord obligations.
Property Size9,100 SF
Lot Size1.00 Acre
Price / SF$145.05
Days on Market92
Property Features for 6840 W Lee Hwy
General Information
Standard status
Active
Size
9,100 SF
Lot size
1.00 Acre
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$94,339
Building Details
Year Built
2011
Tenancy
Single
Listing Agency:
Marcus & Millichap - San Francisco
(415) 625-2162
Listed By:
Bill Schofield · License #CA 01239109
Source:
Crexi
Added: Jun 1
Changed: Aug 29
Last Checked: Aug 29 at 6:19PM
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 Marcus & Millichap - San Francisco
Investment Insights
Based on property information with market context.
This 9,100-square-foot Dollar General property was built in 2011 and occupies a 1-acre site. The asset is subject to an absolute NNN lease, with the corporate tenant responsible for landlord obligations under the lease structure.
The property is located at 6840 W Lee Hwy in Rural Retreat, Virginia, less than one mile from I-81. Lease term includes 5+ years remaining, followed by three additional 5-year renewal options. The first option period provides a 13% rental increase, while each subsequent renewal option includes a 10% increase.
The property is located at 6840 W Lee Hwy in Rural Retreat, Virginia, less than one mile from I-81. Lease term includes 5+ years remaining, followed by three additional 5-year renewal options. The first option period provides a 13% rental increase, while each subsequent renewal option includes a 10% increase.
Key Highlights
- Dollar General property with 9,100 SF of building area
- Absolute NNN lease with 5+ years remaining
- Corporate guaranty supports the lease
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 81%
Shops & Services 19%
McDonald's
Dining
23,661 visits/mo
0.2 miles
Dollar General
Shops & Services
5,683 visits/mo
0.1 miles
Demographics for 24368, VA
4,896
Population
2,275
Households
2.2
Avg Household Size
45
Median Age
23%
College-Educated
94%
High-School Grad
86.6 sq mi
ZIP Area
57
Density / Sq Mi
$66,234
Median Household Income
$36,010
Median Earnings
$725
Median Rent
$163,200
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 - Corporate-backed retail investment with an absolute NNN lease and limited landlord obligations.
Where is this nnn property located?
The property is located at 6840 W Lee Hwy Rural Retreat, VA.
What is the asking price?
The asking price for this property is $1,320,000.
What are key features of this property?
This property features: Dollar General property with 9,100 SF of building area; Absolute NNN lease with 5+ years remaining; Corporate guaranty supports the lease
