Dollar General | 5 Mile Pop: 255,000 — Sale in Chesapeake, VA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Chesapeake, VA 23324

Photos

Dollar General | 5 Mile Pop: 255,000 — Sale in Chesapeake, VA, photo 1 of 5
Dollar General | 5 Mile Pop: 255,000 — Sale in Chesapeake, VA, photo 2 of 5
Dollar General | 5 Mile Pop: 255,000 — Sale in Chesapeake, VA, photo 3 of 5
Dollar General | 5 Mile Pop: 255,000 — Sale in Chesapeake, VA, photo 4 of 5
Dollar General | 5 Mile Pop: 255,000 — Sale in Chesapeake, VA, photo 5 of 5

Investment Figures

Cap rate
7.25%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

LOW RENT & PRICE POINT DOLLAR GENERAL • Dollar General pays a below-market rent of $74,016, which equates to a low price point. • With only 3.5 years remaining on the primary lease and one 5-year option, the landlord will be in a position to renegotiate the lease at a higher rent in approximately 8 years. • This investment offers an attractive 7.25% return that will increase to 7.97% in the next option period. CHESAPEAKE, VA | SUPERIOR DEMOGRAPHICS: 255,000+ PEOPLE WITHIN FIVE-MILE RADIUS • More than 255,000 people live within five miles of the property, providing Dollar General with a considerable surrounding customer base. • Chesapeake is part of the 1.8-million-resident Hampton Roads MSA, one of Virginia’s largest and most economically significant metropolitan regions. • The regional economy is supported by the U.S. military, Port of Virginia, shipbuilding, maritime commerce, logistics, healthcare, and tourism. INTERSTATE LOCATION | 48,000+ VPD • Located less than half a mile from Interstate 464, which supports approximately 48,000 vehicles per day. • I-464 provides direct connectivity to Downtown Norfolk, Interstate 64, and the broader Hampton Roads metropolitan area. • The property occupies a hard-corner location at Bainbridge Boulevard and Holly Avenue, providing convenient access from surrounding South Norfolk neighborhoods. NEAR NORFOLK NAVAL SHIPYARD | 12,000+ MILITARY & CIVILIAN PERSONNEL • Located less than one mile from Norfolk Naval Shipyard, a major U.S. Navy industrial facility with approximately 12,000 military and civilian personnel, creating a substantial concentration of employment near the property. • Norfolk Naval Shipyard encompasses approximately 747 acres and 4.25 miles of waterfront, reinforcing the scale and permanence of this major defense and industrial employment center. • Hampton Roads is also anchored by the Port of Virginia, whose activity supports approximately 565,000 jobs and $41 billion in labor income statewide, further strengthe

Market Context

This retail in Chesapeake, VA is listed for sale. It is offered at an approximate 7.2% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Chesapeake, VA — view the full market.

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