21550 Cox Rd - Freestanding FOR SALE


Sutherland, VA 23885
$1,784,000 USD
864-235-6855
21550 Cox Rd, Sutherland, VA for Sale
$1,784,000 USD
Freestanding - FOR SALE
1/8
null | 6.5% Cap Rate

21550 Cox Rd
Sutherland, VA 23885


OVERVIEW

Attractive Long-Term NNN Lease Structure: Absolute NNN lease with ~ 12 years of remaining primary term and zero landlord responsibilities, featuring five 5-year renewal options with 10% increases, providing investors with long-term cash flow stability. Corporate Dollar General Commitment: Dollar General is the nation’s largest discount retailers and maintains an S&P BBB investment-grade credit rating, operating more than 20,000 stores across the U.S. and Mexico and generating approximately $40.6 billion in annual revenue. Updated Construction: The property features the high quality design features including brick and hardy plank exterior walls and a metal roof. Exceptional Foot Traffic Counts: Placer.ai ranks this Dollar General in the 87th percentile nationally and the 94th percentile within Virginia for annual customer visits, indicating performance that exceeds most comparable locations. Affluent Consumer Base: A 5-mile average household income of $105,038 underscores the submarket’s strong purchasing power that supports long-term tenant performance. Direct Exposure to Major Regional Employment Center: Located directly across the street from a 1.2 million square foot Walmart logistics facility, the property is positioned adjacent to one of the area’s largest employment generators that supports over 1,000 jobs and substantial daily traffic. #1 Best Town to Visit: Situated within the Richmond MSA, the property benefits from its proximity to a community recognized by CNN as the #1 Town Among “America’s 10 Best Towns to Visit.” This national distinction underscores the area’s strong tourism appeal, vibrant local economy, and growing regional profile, supporting sustained consumer activity and long-term commercial real estate demand.

FOR SALE DETAILS

PRICE

$1,784,000 USD

PRICE/SF

$168 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

2.18 AC

LAND SF

94,961 SF

ZONING

B-2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Robert Schmidt, CCIMNAI Earle Furman LLCMore Info
864-235-6855

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Robert Schmidt, CCIMNAI Earle Furman LLCMore Info
864-235-6855

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