238 Harless Dr - Storefront FOR SALE


Dryden, VA 24243
$995,000 USD
424-262-7100
238 Harless Dr, Dryden, VA for Sale
$995,000 USD
Storefront - FOR SALE
1/1
null | 7.66% Cap Rate

238 Harless Dr
Dryden, VA 24243


HIGHLIGHTS

  • 6.5 years remaining term (June 30, 2032) with 4 five (5) year options.
  • Lease Type: NNN
  • Tenant: Dollar General Corporation (NYSE: DG)
  • Corporate guaranteed lease
  • Dollar General has operated successfully at this location since 2011,

OVERVIEW

WCB Commercial Real Estate is pleased to present for sale the fee simple interest in a single-tenant net leased investment property located at 238 Harless Drive, Dryden, VA 24243. The property is 100% leased to Dollar General Corporation (NYSE: DG), a publicly traded, investment-grade tenant with over 19,000 locations nationwide. Dollar General has occupied this location since 2011 and is currently operating under a lease extended through June 30, 2032, providing approximately 6.5 years of remaining primary term, with four (4) five-year renewal options remaining. The ±9,026 square foot building was constructed in 2011 as a build-to-suit for Dollar General and is situated on a ±1.03-acre parcel. The lease is structured as triple net (NNN), requiring the tenant to pay all property-related expenses, including taxes, insurance, maintenance, roof, structure, and HVAC — offering a true passive ownership experience. The asset currently generates $76,177 in annual base rent ($8.44/SF). The site has performed consistently since inception and benefits from strong visibility and access along U.S. Route 58, a regional transportation corridor serving Lee County and surrounding communities. Anchored by a long-standing, investment-grade tenant with a recession-resistant operating model focused on essential goods, this offering presents an exceptional opportunity to acquire a stable, income-generating asset in a rural market with minimal landlord obligations and dependable long-term cash flow.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$110 USD /SF

CAP RATE

7.66%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.39 AC

LAND SF

191,054 SF

ZONING

-

APN/PARCEL ID

25-(A)-29B

ASK ABOUT THIS PROPERTY

Greg HerzWCB Commercial Real Estate Inc.More Info
424-262-7100

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Greg HerzWCB Commercial Real Estate Inc.More Info
424-262-7100

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