Your First Name*

Please enter your first name

Your Last Name*

Please enter your last name

Your Email*

Please enter a valid email address

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

915 characters remaining

We will automatically send your friend a one-time email inviting them to visit this listing. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of the referral program. (Terms of Use)

thank you

Your email has been sent.

Dollar General | 6.5+ Yrs | Top 4% Nationwide 4360 Pension St 9,202 SF Retail Building Chincoteague Island, VA 23336 $1,212,193 ($131.73/SF) 7.75% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Approximately 6.5 Years of Remaining Lease Term
Dollar General Has Been Operating at this Location for 30+ Years | Since 1992, Dollar General Has Extended the Lease Eight Time
Complete Roof Replacement in November 2022 | 30-Year Warranty

In November 2024 (2.5 Years Prior to Lease Expiration), Dollar General Extended The Lease for an Additional 5 Years Through July 31, 2032
Tenant Recently Remodeled the Store at their Sole Cost & Expense

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

Property Type

Retail

Property Subtype

Freestanding

Building Size

9,202 SF

Building Class

Year Built

1992

Price

$1,212,193

Price Per SF

$131.73

Cap Rate

7.75%

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

Monument Signage

Major Tenants

Retailer
-
-
-

DG is proud to be America’s neighborhood general store. They 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.