11170 Chatham Rd, Axton, VA, 24054
Dollar General
Key Information
Highlights
• Uncontested Market Share – As the only Dollar General within 10 miles, the store dominates the essential-needs market with zero cannibalization. For an investor, this strategic isolation makes the location a vital hub, driving predictable foot traffic, securing stability, and increasing the probability of lease renewals.
• High Yield Opportunity – This investment features a high-yield return secured by corporate credit. With over 5 years left on the primary term and 5 additional renewal options, an investor gains strong current cash flow backed by long-term upside.
• Limited Local Competition – With no traditional grocery stores in the immediate area, this location acts as the primary neighborhood hub for everyday food and basic necessities. Minimal competition in the immediate trade area drives steady local traffic and customer reliance on this location.
• Strategic Location – The 1.58-acre site is directly on Chatham Rd (VA-57), featuring clear visibility and convenient regional access, providing maximum exposure to daily commuters and convenient positioning to the local community.
• Corporate Guarantee – The lease is guaranteed by Dollar General Corporation, a Fortune 100 company and the largest dollar store retailer in the nation, with over 21,000 locations across 48 states. Dollar General carries BBB investment-grade long-term credit ratings from S&P’s Global. This strong guarantee provides the landlord with a heightened sense of security.
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