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Dollar General - Recent Extension -7.5+ Yrs 4360 Pension St

9,202 SF Retail Building Chincoteague Island, VA 23336 $1,916,562 CAD ($208 CAD/SF) 7.01% Cap Rate

Retail Space Virginia Chincoteague Island 4360 Pension St, Chincoteague Island, VA 23336

Investment Highlights

  • Approximately 7.50 Years of Remaining Lease Term | Two (2) - Five (5) Year Option Periods with 10% Rental Increases
  • Complete Roof Replacement in November 2022 | 30-Year Warranty
  • Recent HVAC Replacement/Repairs | New 10-Ton HVAC Unit Installed in July 2024 - Secondary HVAC Unit Rebuilt in November 2023
  • Dollar General Has Been Operating at this Location for 30+ Years | Since 1992, Dollar General Has Extended the Lease Eight Times
  • Tenant Recently Remodeled the Store at their Sole Cost & Expense in April 2024
  • Strong Placer AI Data - 208,000 Visits | Nationwide (1,153/18,916) = Top 7% | Statewide (7/458) = Top 2%

Executive Summary

Schuchert Retail Group and Brian Brockman (Bang Realty, Inc.) are pleased to exclusively present for sale the 9,202 SF Dollar General located at 4360 Pension Street, Chincoteague, VA 23336.
In Conjunction With: Brian Brockman (Bang Realty, Inc) - License #0226031911
VA License #0226031911

Attachments

DG - Chincoteague, VA - Offering Memorandum

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
9,202 SF
Building Class
C
Year Built
1992
Price
$1,916,562 CAD
Price Per SF
$208 CAD
Cap Rate
7.01%
NOI
$134,367 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.21 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Retailer
  • -
  • -
  • Jul 2032

Chez Dollar General, leurs actions sont guidées par une mission simple : Servir les autres. Pour leurs clients, cela signifie les placer au centre de tout ce qu'ils font, travailler chaque jour pour offrir de la valeur et de la commodité dans les magasins généraux de leur quartier. Pour leurs employés, cela signifie le respect et la possibilité de grandir et de développer leur carrière, et pour leurs communautés, cela signifie aider à soutenir les communautés qu'ils appellent leur foyer. Ils s'efforcent de rendre les achats faciles et abordables grâce à des magasins faciles à acheter. Leurs magasins offrent tous les jours à bas prix des articles tels que de la nourriture, des collations, des aides de santé et de beauté, des produits de nettoyage, des vêtements de base, des articles ménagers, des articles saisonniers, des produits en papier et bien plus encore des marques et produits les plus fiables des États-Unis, ainsi que des marques privées de haute qualité.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Retailer - - Jul 2032

Links

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Nearby Major Retailers

Atlantic Union Bank
Ymca
PNC Bank

PROPERTY TAXES

Parcel Number 030-A6-A0-00-0003-00 Improvements Assessment $402,400 CAD
Land Assessment $251,679 CAD Total Assessment $654,079 CAD

PROPERTY TAXES

Parcel Number
030-A6-A0-00-0003-00
Land Assessment
$251,679 CAD
Improvements Assessment
$402,400 CAD
Total Assessment
$654,079 CAD
(310) 971-3116

Contacts

  • Listing ID: 34345102

  • Date on Market: 2025-01-02

  • Last Updated:

  • Address: 4360 Pension St, Chincoteague Island, VA 23336

The Retail Property at 4360 Pension St, Chincoteague Island, VA 23336 is currently available for sale. Contact Schuchert Retail Group for more information.

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Dollar General - Recent Extension -7.5+ Yrs | 4360 Pension St
(310) 971-3116 x

Dollar General - Recent Extension -7.5+ Yrs | 4360 Pension St

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Joe Schuchert

(310) 971-3116

(310) 971-3116

Jim Schuchert CCIM

(310) 971-3892

(310) 971-3892

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