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4360 Pension St
Chincoteague Island, VA 23336

$1,340,000 USD

General Retail For Sale  •  9,202 SF

Property Details

  • Property Type General Retail
  • Total Building Size 9,202 SF
  • Lot Size 1.21 AC
  • Building Class C
  • Year Built 1992
  • Cap Rate 7.01 %
  • Tenancy Single
0 Transit Score
53 Walk Score

Highlights

Approximately 7.50 Years of Remaining Lease Term | Two (2) - Five (5) Year Option Periods with 10% Rental Increases
Dollar General Has Been Operating at this Location for 30+ Years | Since 1992, Dollar General Has Extended the Lease Eight Times
Complete Roof Replacement in November 2022 | 30-Year Warranty
Tenant Recently Remodeled the Store at their Sole Cost & Expense in April 2024
Recent HVAC Replacement/Repairs | New 10-Ton HVAC Unit Installed in July 2024 - Secondary HVAC Unit Rebuilt in November 2023
Strong Placer AI Data - 208,000 Visits | Nationwide (1,153/18,916) = Top 7% | Statewide (7/458) = Top 2%

Property Flyers

Cap Rate: 7.01 %

Major Tenants

Tenant SF Occupied Lease End Date
Dollar General 7/31/2032

Public Transportation

AirportDriveWalkDistance
Salisbury-Ocean City Wicomico Regional 72 min - 47.9 mi
Joe Schuchert 310-971-3116 Schuchert Retail Group
Joe Schuchert 310-971-3116 Schuchert Retail Group