Dollar General Store2744 Augustine Herman Highway, Chesapeake City, MD 21915
Sales Summary
Sales Price: $2,128,000
Cap Rate: 6.45
Investment Highlights
-15YR Lease with Five (5), Five (5) YR renewal options at 10% increase
-NNN Lease with Corporate Guaranty by Dolgencorp, LLC
-Rare 3% rental increase in YR 11
-Dollar General has over 12,400 locations in 43 states
-S&P BBB Investment Grade Credit
-Architectural Upgrade
-Bohemia Manor Middle & High School located across the street = 1,300 students
-Traffic Count: 9,719 VPD
Property Summary
Property Type: Investment
Year Built: 2016
Parking Spaces: 37
Annual Rent: $137,256
