1009 L P Bailey Memorial Hwy - Freestanding FOR SALE


Halifax, VA 24558
$1,150,922 USD
757-287-1490
1009 L P Bailey Memorial Hwy, Halifax, VA for Sale
$1,150,922 USD
Freestanding - FOR SALE
1/3
null | 7.5% Cap Rate

1009 L P Bailey Memorial Hwy
Halifax, VA 24558


HIGHLIGHTS

  • Absolute NNN lease (no LL responsibilities)
  • Recent lease extension through 10.31.32
  • Investment grade tenant (S&P: BBB)
  • No dollar store competition within six miles

OVERVIEW

SLN Capital Markets, a division of S.L. Nusbaum Realty Co., is pleased to exclusively present the property leased to Dollar General at 1009 L.P. Bailey Memorial Hwy in Halifax, VA. Built new in 2012, the property contains a 9,002 sf building on 1.26 acres and sits at the intersection of Hwy 501 and North Main Street. The location is approximately 6 miles north of South Boston, VA which is home to a variety of locally-owned restaurants and live entertainment. Dollar General recently recast the Absolute NNN lease (no landlord responsibilities) and extended out to October 31, 2032 with five, 5- year options. There are 10% rent bumps in each option period.

FOR SALE DETAILS

PRICE

$1,150,922 USD

PRICE/SF

$128 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

9002

APN/PARCEL ID

34294

ASK ABOUT THIS PROPERTY

Doug AronsonS.L. Nusbaum Realty Co.More Info
757-287-1490

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Doug AronsonS.L. Nusbaum Realty Co.More Info
757-287-1490

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.