32032 Main St Boykins, VA 23827

This exceptional investment opportunity presents a fee-simple ownership of a 9,100-square-foot Dollar General grocery store located at 32032 Main St, Boykins, VA 23827. Built in 2009, the property sits on a 1.1-acre lot and boasts a strong 100% occupancy rate. The current lease, a Net Lease (NN+) with a corporate guarantee from a publicly traded company, has a remaining term of approximately 5 years, extending to November 29, 2029, with three 5-year renewal options. The lease features a 10% rent increase every five years, ensuring consistent income growth. The property's Net Operating Income (NOI) is $80,508, resulting in an attractive 7.50% capitalization rate. The asking price is $1,073,440, translating to a price per square foot of $117.96. This investment offers a compelling combination of low rent, minimal landlord responsibilities, and a strong tenant with an investment-grade credit rating (BBB/Stable on Standard & Poor's). The tenant, Dollar General, operates over 20,000 locations across 48 states and reported $38.7 billion in net sales for fiscal year 2023. The property's prime location in downtown Boykins, Virginia, further enhances its appeal. This is a rare opportunity to acquire a stable, high-yielding retail investment with a long-term lease and significant upside potential.