Dollar General

Dollar General Net Lease Investment Opportunity
Newport News MSA, Virginia

This offering presents an excellent opportunity to acquire a Dollar General property in the Newport News Metropolitan Statistical Area. Featuring fee simple ownership, a 7-year corporate lease, and minimal landlord responsibilities, this asset provides stable, reliable income from one of the nation’s largest discount retailers. Dollar General’s necessity-based business model, combined with its strong corporate credit and a well-located store in a dense trade area, makes this investment ideal for buyers seeking dependable cash flow in a growing Mid-Atlantic market.

Location and Market Overview
The property is located in the Newport News MSA, strategically positioned along a busy retail corridor with excellent access to U.S. Route 60 and Interstate 64. The site benefits from daily traffic counts exceeding 21,000 vehicles, providing excellent visibility and accessibility.

The Newport News metro is part of the Hampton Roads region, one of the largest metropolitan areas on the East Coast with a population of more than 1.7 million. The local economy is driven by shipbuilding, military operations, aerospace, logistics, healthcare, and higher education. With several military bases, the Port of Virginia, and a growing healthcare sector, the area continues to see steady demand for housing, retail, and essential goods.

Demographics
The surrounding trade area provides strong support for Dollar General operations. Within a three-mile radius, the population exceeds 78,000 with average household incomes around $69,000. Expanding to a five-mile radius, the population surpasses 155,000 with average household incomes above $72,000. The density and stability of the local population align with Dollar General’s target customer base, ensuring consistent store traffic and revenue.

Property Details
The subject property is a 9,100-square-foot freestanding Dollar General store built to the tenant’s latest prototype standards. Situated on a 1.1-acre parcel, the building features a functional layout, ample parking, and convenient ingress and egress for customer accessibility. The site is surrounded by a mix of residential neighborhoods, schools, and complementary retailers, ensuring steady traffic throughout the day.

Ownership is fee simple, providing the investor full rights to both land and improvements without ground lease restrictions.

Lease Structure and Tenant Guarantee
The property is leased to Dollar General Corporation under a double net (NN) lease, with the tenant responsible for taxes, insurance, and interior maintenance. Landlord responsibilities are minimal, generally limited to roof and structure.

The lease term is a firm 7 years, providing secure and predictable income. Rent escalations of 10% occur at each option period, offering long-term growth potential.

Dollar General, a Fortune 500 company operating more than 19,000 stores nationwide, is one of the largest and most stable discount retailers in the United States. Backed by strong corporate financials and an investment-grade credit rating, Dollar General delivers exceptional reliability to investors.

Tax Benefits
Ownership of a freestanding retail asset allows investors to utilize standard depreciation deductions, and depending on their tax planning strategy, bonus depreciation or accelerated cost segregation may be available.

Surrounding Area and Trade Drivers
The Newport News–Hampton Roads region is a robust economic hub anchored by shipbuilding, the U.S. Navy, and the aerospace industry. With its strategic location on the Chesapeake Bay and access to major ports, the area benefits from strong logistics and trade activity. A steady military and civilian population ensures consistent demand for necessity-based retail. The property’s location near residential neighborhoods, schools, and service-oriented retail enhances its long-term stability.

Investment Highlights

• 7-year lease with Dollar General Corporation, a Fortune 500 company with investment-grade credit.
• Fee simple ownership of a 1.1-acre parcel with a 9,100-square-foot prototype Dollar General store.
• Minimal landlord responsibilities under a double net lease.
• Prime Newport News MSA location with daily traffic counts exceeding 21,000 vehicles.
• 10% rental increases at each option period, offering long-term income growth.
• Dense demographics with more than 155,000 residents within five miles.
• Strong regional economy driven by shipbuilding, military operations, aerospace, and healthcare.
• Necessity-based retail ensuring consistent consumer demand.
• Highly financeable asset backed by corporate guarantee.

Buyer Profile and Financing
This asset is ideally suited for 1031 exchange buyers, REITs, family offices, and private investors seeking stable cash flow from a necessity-based retailer with investment-grade credit. The fee simple ownership and corporate-backed lease make this property highly attractive to lenders, offering favorable financing opportunities.

Conclusion
This Dollar General in the Newport News MSA presents an outstanding net lease investment opportunity. With a 7-year corporate lease, minimal landlord responsibilities, and a prime location in one of the East Coast’s most stable and growing metro areas, the property offers investors a secure, inflation-resistant income stream from a creditworthy national tenant.

Qualified investors are encouraged to request the full offering memorandum, lease abstract, and financial details.