10989 General Puller Hwy - Freestanding FOR SALE


Hartfield, VA 23071
$1,449,000 USD
804-869-8883
10989 General Puller Hwy, Hartfield, VA for Sale
$1,449,000 USD
Freestanding - FOR SALE
1/6
null | 8% Cap Rate

10989 General Puller Hwy
Hartfield, VA 23071


HIGHLIGHTS

  • 9,026 Square Feet | 2014 Construction | 2.0 Acres | Large Parcel
  • Absolute NNN Lease | Zero Landlord Obligations | 10% Rent Increase in 2029
  • Corporate Guaranty: Dollar General Corp. | 20,700+ Stores Nationwide
  • Top 10 Dollar General within 30-Mile Radius | Source: Placer Ai Foot Traffic
  • Immediate Nearby Traffic Generators: Exxon, Primis Bank, YMCA, M&M Building Supply
  • 30-Miles to Yorktown and Newport News | 60-Miles to Richmond

OVERVIEW

This offering features a 9,026-square-foot Dollar General store constructed in 2014 and situated on a spacious 2.0-acre parcel. The property is secured by an absolute NNN lease, providing investors with zero landlord responsibilities and a truly passive income stream. A 10% rent increase scheduled for 2029 enhances long-term income growth, while the lease is backed by a corporate guaranty from Dollar General Corporation, one of the nation’s most recognized and stable retailers with over 20,700 locations nationwide. Strategically positioned within a strong retail corridor, this location ranks among the top 10 Dollar General stores within a 30-mile radius, according to Placer.ai foot traffic data. The site benefits from immediate proximity to key traffic generators, including Exxon, Primis Bank, YMCA, and M&M Building Supply, ensuring consistent customer flow and visibility. The property’s location offers excellent regional connectivity, just 30 miles from Yorktown and Newport News and approximately 60 miles from Richmond. This combination of a long-term corporate lease, scheduled rent growth, and a high-performing store location makes this asset an exceptional opportunity for investors seeking stability, predictable returns, and minimal management obligations.

FOR SALE DETAILS

PRICE

$1,449,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

GB

APN/PARCEL ID

38-12-2B

ASK ABOUT THIS PROPERTY

Harrison JonesMarcus & MillichapMore Info
804-869-8883

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Harrison JonesMarcus & MillichapMore Info
804-869-8883

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