Build-to-Suit Dollar General
For Sale
Contact for pricing
8720 Claystreet Road, Ford, VA 23850
New 10,640 SF Dollar General retail building with a 15-year absolute NNN lease guaranteed by Dollar General Corporation.
Property Size10,640 SF
Price / SF$225.38
Days on Market62
Property Features for 8720 Claystreet Road
General Information
Standard status
Active
Size
10,640 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2026
Listing Agency:
Marcus & Millichap - Orange County
Listed By:
Kyle Blatt · License #CA 02017976
Source:
Crexi
Added: Jun 1
Changed: Jul 10
Last Checked: Jul 31 at 11:58AM
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
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.
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 For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $197.9k | $18.60 |
| − Vacancy | −$13.9k | −$1.30 |
| EGI | $184.1k | $17.30 |
| − OpEx | −$46.0k | −$4.32 |
| NOI | $138.0k | $12.97 |
10,640 SF · lease $18.60/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.97M
$1.73M – $2.30M
NOI $138,038 @ 7.0% cap · market cap 5.76%
Second Best
Retail
$1.66M
$1.45M – $1.94M
NOI $116,126 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,074 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
