Purchase Price | $1,785,714 |
---|---|
Annual Rental Income | $125,000 |
Cap Rate | 7% |
Lease Term | 10 Years |
City | Newport News |
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This opportunity features a net-lease property occupied by Dollar General Corporation—a publicly traded, investment-grade tenant backed by a secure corporate guarantee. The absolute triple-net lease transfers all property expenses—taxes, insurance, structural upkeep, and HVAC—to the tenant, delivering truly passive, stable, and long-term income to the investor.
Newport News is a well-established urban hub with a population of approximately 183,000 residents and a metropolitan area that supports a diverse economy spanning manufacturing, healthcare, retail, and transportation. The city maintains a median household income in the low‑$80,000s, with cost of living slightly below national averages. Positioned within the broader Hampton Roads region, Newport News benefits from stable military and government employment, shipbuilding operations, tourism, and educational institutions. The specific Dollar General site is strategically located near residential areas with limited discount retail alternatives, offering strong daily traffic and dependable local demand.