Building Details

Year Built 2026

Buildings 1

Tenancy Single

Listing Agency: Marcus & Millichap - Orange County

Listed By: Kyle Blatt · License #CA 02017976

Source: Crexi

Added: Jun 1 Changed: Oct 15 Last Checked: Oct 23 at 5:29AM

Report an Issue

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 - Orange County

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This is a brand-new build-to-suit 2026 Dollar General Market in Ford, Virginia, totaling 10,640 square feet. The property is offered under a 15-year absolute NNN lease structure, with the lease guaranteed by Dollar General Corporation (NYSE: DG, BBB/Baa3).

The building is located on U.S. Route 460, identified as the primary east-west corridor connecting the Petersburg MSA to Lynchburg and Roanoke. The site is positioned approximately 20 miles west of Petersburg within the Fort Lee/Fort Pickett military trade area.

For investors seeking a single-tenant, long-term retail lease, this offering pairs a new construction asset with an absolute NNN commitment backed by the corporate guaranty from Dollar General. The specialty retail nature of the property is designed around the tenant’s grocery and convenience market format, supporting an operating profile consistent with Dollar General’s business model over the lease term.

Key Highlights

• 10,640 SF brand‑new 2026 Dollar General retail building (Year built: 2026)
• 15‑year absolute NNN lease guaranteed by Dollar General Corporation
• Located on U.S. Route 460, the primary east‑west corridor between the Petersburg MSA and Lynchburg/Roanoke

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$138,038

Cap Rate

5.76%

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 5.76%

Second Best

Retail

$1.66M

$1.45M – $1.94M (±1% cap)

NOI $116,126 @ 7.0% cap · market cap 4.84%

Theoretical Best

Office A

$2.46M

$2.15M – $2.87M (±1% cap)

NOI $172,074 @ 7.0% cap · market cap 7.18%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Auto Repair Shop Building Supply Auto Parts Store Big Box & Wholesale Store Discount Store Department Store

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

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

9

Businesses Nearby

Explore this area Business Placement

Demographics for 23850, VA

1,081

Population

666

Households

1.6

Avg Household Size

49

Median Age

13%

College-Educated

93%

High-School Grad

45.9 sq mi

ZIP Area

24

Density / Sq Mi

$80,809

Median Household Income

$44,769

Median Earnings

$260,100

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?

NNN property - New 10,640 SF Dollar General retail building with a 15-year absolute NNN lease guaranteed by Dollar General Corporation.

Where is this nnn property located?

The property is located at 8720 Claystreet Road Ford, VA.

What is the asking price?

The asking price for this property is $2,398,000.

What are key features of this property?

This property features: 10,640 SF brand‑new 2026 Dollar General retail building (Year built: 2026); 15‑year absolute NNN lease guaranteed by Dollar General Corporation; Located on U.S. Route 460, the primary east‑west corridor between the Petersburg MSA and Lynchburg/Roanoke