4360 Pension St - Retail FOR SALE
Chincoteague Island, VA 23336 |
$1,340,000 USD
310-971-3116
4360 Pension St
Chincoteague Island, VA 23336
HIGHLIGHTS
- Approximately 7.50 Years of Remaining Lease Term | Two (2) - Five (5) Year Option Periods with 10% Rental Increases
- Dollar General Has Been Operating at this Location for 30+ Years | Since 1992, Dollar General Has Extended the Lease Eight Times
- Complete Roof Replacement in November 2022 | 30-Year Warranty
- Tenant Recently Remodeled the Store at their Sole Cost & Expense in April 2024
- Recent HVAC Replacement/Repairs | New 10-Ton HVAC Unit Installed in July 2024 - Secondary HVAC Unit Rebuilt in November 2023
- Strong Placer AI Data - 208,000 Visits | Nationwide (1,153/18,916) = Top 7% | Statewide (7/458) = Top 2%
FOR SALE DETAILS
PRICE
$1,340,000 USD
PRICE/SF
$146 USD /SF
CAP RATE
7.01%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Dollar General - Recent Extension -7.5+ Yrs
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1992
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.21 AC
LAND SF
52,708 SF
ZONING
-
APN/PARCEL ID
030-A6-A0-00-0003-00
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310-971-3116
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310-971-3116
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