258 W Lee Hwy - Freestanding FOR SALE


Chilhowie, VA 24319
$1,525,000 USD
202-286-1542
258 W Lee Hwy, Chilhowie, VA for Sale
$1,525,000 USD
Freestanding - FOR SALE
1/9
null | 6.4% Cap Rate

258 W Lee Hwy
Chilhowie, VA 24319


HIGHLIGHTS

  • Over 10 Years Remaining | Scheduled Rental Increases | Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | Store Remodeled in 2025
  • Across from Food City | Strong National/Credit Tenant Presence | Near Chilhowie High School
  • Along W Lee Hwy | Interstate 81 | Excellent Visibility & Access
  • Strong Demographics Within 10-mile Trade Area

OVERVIEW

• The tenant currently has over 10 years remaining on their initial lease with 5 (5-year) options to extend, demonstrating their commitment to the site • The lease features 10% rental increases at the beginning of each option, growing NOI and hedging against inflation • As of October 31, 2025, the Company’s 20,901 Dollar General, DG Market, DGX and popshelf stores across the United States

FOR SALE DETAILS

PRICE

$1,525,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General - Chilhowie VA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

-

APN/PARCEL ID

53D2-A-49A

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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