10586 Tinsbloom Mill LnKing George, VA 22485

Property Details for 10586 Tinsbloom Mill Ln

Year built

2011

Lot size

1.86 AC

Property size (Sq ft)

9,546 SF

Zone code

C-2

Property type

Other commercial real estate

APN

24-163D

APU

24163D

Description

This exceptional investment opportunity presents a fee-simple ownership of a 9,100 square foot Dollar General store located at 10586 Tinsbloom Mill Ln, King George, VA 22485. The property sits on a sizable 2-acre corner lot in a high-traffic area with an estimated 16,000 vehicles passing daily. Built in 2011, this upgraded brick building boasts a 100% occupancy rate with a corporate-guaranteed, absolute NNN lease. The lease commenced February 8, 2011, and has a remaining term of 6.3 years, expiring February 27, 2031. The lease includes 10% rent bumps at each option period. The property offers a compelling 7.10% cap rate with a Net Operating Income (NOI) of $104,769 and an asking price of $1,475,620 ($162.16 per square foot). The strong tenant, Dollar General, is a publicly traded company with an investment-grade credit rating (BBB/Stable on Standard & Poor's) and over 20,000 locations nationwide. Nearby businesses include Dollar Tree, Food Lion, CVS, O'Reilly Auto Parts, and Tractor Supply, further enhancing the property's location and potential. The robust demographics, with over 14,000 people within a 5-mile radius, support the continued success of this Dollar General location. This is a rare opportunity to acquire a stable, high-performing retail investment with a strong tenant and significant remaining lease term.

• Alternative Use

  Use

  Valuation

  Residential

  $2,823,737

  Hospitality

  $2,586,528

  Educational

  $2,151,961

  Medical

  $2,225,970

  Retail

  $3,347,495

Location Insight

City

King George

County

King George

State

Virginia

Latitude

38.2644

Longitude

-77.1713

Property Tax & Assessments

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