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7147 Richmond Rd, Williamsburg, VA, 23188

Dollar General
$1,768,888

Key Information

Cap Rate
6.75%
$ per SF
$194
Tot. SF
9,100
Lot Size
1.34 Acres
Year Built
2017
Term Remaining
± 6.5 Years
Type
Retail
Occupancy
100%
NOI
$119,400

Highlights

• Absolute NNN Lease Structure: Zero landlord responsibilities, offering a true passive investment with no operational obligations.
• Corporate Guarantee (NYSE: DG): Lease guaranteed by Dollar General Corporation, a Fortune 100 company with a market capitalization exceeding $32 billion (as of January 2026).
• Investment Grade Credit: Dollar General is rated BBB by Standard & Poor’s, reflecting strong creditworthiness and financial stability.
• Rent Increases: Features 10% rent escalations at each of the five (5) five-year renewal options, enhancing long-term income growth.
• High-Traffic Location: The asset is strategically positioned in a thriving commercial node along Richmond Road, benefiting from exposure to 21,000+ vehicles per day (VPD).
• Strong Retail Synergy: It is surrounded by high-traffic, investment-grade national brands including Wawa, McDonald’s, Starbucks, Food Lion, CVS, Wendy’s, O’Reilly Auto Parts, and Tractor Supply Co. This dense retail synergy drives consistent consumer traffic to the immediate area.
• Modern, High-Quality Construction: Built in 2017, the ±9,100 SF building features Dollar General’s highly successful prototype layout, limiting near-term deferred maintenance or capital expenditure requirements.
• Excellent Underlying Real Estate Fundamentals: Situated on a spacious ±1.34-acre parcel with excellent visibility, prominent signage, and easy ingress/egress along Richmond Road to capture its substantial daily traffic.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 225225982, 226035518 (VA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203