Brian Brockman 5133000763

Dollar General - Recent Extension -7.5+ Yrs 4360 Pension St 9,202 SF Retail Building Chincoteague Island, VA 23336 $1,340,000 ($145.62/SF) 7.01% Cap Rate

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

DG - Chincoteague, VA - Offering Memorandum

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Building Size

9,202 SF

Building Class

Year Built

1992

Price

$1,340,000

Price Per SF

$145.62

Cap Rate

7.01%

NOI

$93,945

Tenancy

Single

Building Height

1 Story

Building FAR

0.17

Lot Size

1.21 AC

Opportunity Zone

Yes

Parking

28 Spaces (3.04 Spaces per 1,000 SF Leased)

Signage

MAJOR TENANTS

Retailer
-
-
Jul 2032

DG is proud to be America’s neighborhood general store. We strive to make shopping hassle-free and affordable with convenient, easy-to-shop stores all across the states. DG's stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands. From serving their customers with value and convenience and their employees with career opportunities to serving the communities they call home through literacy and education, Dollar General has been committed to its mission of Serving Others since the company’s founding in 1939.

TENANT	INDUSTRY	SF OCCUPIED	RENT/SF			LEASE END
	Retailer	-	-			Jul 2032

TRAFFIC

COLLECTION STREET	CROSS STREET	TRAFFIC VOLUME	YEAR	Distance
Pension St	Ocean Blvd, NE	2,864	2024	0.03 mi
Pension Street	Ocean Blvd, NE	2,870	2025	0.04 mi
Maddox Blvd	Deep Hole Rd, NW	9,504	2024	0.13 mi
Maddox Boulevard	Deep Hole Rd, NW	10,538	2025	0.15 mi
Maddox Blvd	Deep Hole Rd, SE	8,193	2025	0.17 mi
Maddox Boulevard	Deep Hole Rd, SE	5,731	2025	0.20 mi
Pension Street	Church St, SW	2,009	2025	0.21 mi
Pension St	Church St, SW	2,299	2025	0.22 mi
Chicken City Rd	Megan Dr, SW	6,160	2025	0.23 mi
Chicken City Road	Megan Dr, SW	9,315	2025	0.24 mi