10586 Tinsbloom Ml Ln King George, VA 22485-3467
- Commercial real estate
- 9,546 SF
- 1.86 lot acres
Apr 11, 2025
Current Use by Public Records
- Commercial real estate
Property Details for 10586 Tinsbloom Ml Ln
- Year built
- 2011
- Lot size
- 1.86 lot acres
- Property size
- 9,546 SF
- Zone code
- C-2
- Property type
- Commercial real estate
- APN
- 24-163D
- APU
- 24163D
Description
This exceptional investment opportunity presents a fee-simple ownership of a 9,100 square foot Dollar General store located at 10586 Tinsbloom Mill Ln, King George, VA 22485. The property sits on a sizable 2-acre corner lot in a high-traffic area with an estimated 16,000 vehicles passing daily. Built in 2011, this upgraded brick building boasts a 100% occupancy rate with a corporate-guaranteed, absolute NNN lease. The lease commenced February 8, 2011, and has a remaining term of 6.3 years, expiring February 27, 2031. The lease includes 10% rent bumps at each option period. The property offers a compelling 7.10% cap rate with a Net Operating Income (NOI) of $104,769 and an asking price of $1,475,620 ($162.16 per square foot). The strong tenant, Dollar General, is a publicly traded company with an investment-grade credit rating (BBB/Stable on Standard & Poor's) and over 20,000 locations nationwide. Nearby businesses include Dollar Tree, Food Lion, CVS, O'Reilly Auto Parts, and Tractor Supply, further enhancing the property's location and potential. The robust demographics, with over 14,000 people within a 5-mile radius, support the continued success of this Dollar General location. This is a rare opportunity to acquire a stable, high-performing retail investment with a strong tenant and significant remaining lease term.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,850,000
- ML approach
- $1,880,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,807,000
- AI Estimate
- $1,422,000
Market price range: $974k - $2.67MMarket price range: $571k - $1.99M
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Location Insight
- Map
- Local Demand
- City
- King George
- County
- King George
- State
- Virginia
- Longitude
- -77.1713
- Latitude
- 38.2644