Dollar General
PRICE
CAP RATE
SQUARE FOOTAGE
LEASE TERM

CONTACT US REGARDING THIS LISTING

Michael Carter

Senior Director

Frank Rogers

Senior Advisor

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PROPERTY ADDRESS

2744 Augustine Herman Highway, Chesapeake City, MD 21915

PROPERTY INFORMATION

Price:
$2,144,625
Cap Rate:
6.40%
Term Remaining:
14 Years
Status:
Closed

INVESTMENT SUMMARY

– NNN Lease | Requires Zero Landlord Responsibility
– Upgraded Construction in Historic District of Chesapeake City
– Rent Increases of 10% in Each Option Period
– Five (5), Five (5) Year Option With Rent Increases
– Corporate Guarantee by DG which Carries a “BBB” Rating
– Rare 3% Rent Increase in Year 11