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NET LEASED DOLLAR GENERAL 173 W Lee St

9,100 SF Retail Building Broadway, VA 22815 £778,538 (£86/SF) 6.60% Net Initial Yield

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Investment Highlights

Tenant executed a 6-year extension renewing their commitment to be at the site for the future
Strong sales over $1.4M

Situated on a corridor that sees 12,000 daily cars a day, and connects West Virginia to Harrisonburg
6.6% +/- CAP Rate

Executive Summary

Net Leased Dollar General in Broadway. Leased through 4/2030, property is priced at 6.6% CAP rate. DG is a strong tenant that has been there since 2004, it has fundamentally low base rent therefore being a hard store to replace. Situated on Route 259, this property has over 12,000 cars past it everyday. Great opportunity for 1031 exchange buyer. This property has little maintenance liability for the owner, averaging less than $2,100/yr the last 3 years. New HVAC installed in Oct. 2024, this will lead to less liability cost for the owner for years to come.

Broadway Dollar General Brochure