CAP Rate: 6.40%
Net Operating Income: $143,619
Lot Size: 1.65 AC
Year Built: 2018
This Dollar General is located on McKenzie Highway in Walterville, Oregon. The property is a 12,000 square foot Dollar General subject to a brand new 15 year net lease. Dollar General has three, 5 year options with 10% increases at each option. Walterville is approximately 10 miles east of Springfield, and is home to many mountain biking and hiking opportunities.
Walterville is an unincorporated community in Lane County, Oregon, United States. It is located six miles east of Springfield on Oregon Route 126 near the McKenzie River.
Walterville post office was established in 1875 and named by the first postmaster and prominent Central Oregon rancher, George Millican, for his son Walter. The town of Millican in Deschutes County was named for George Millican. Members of the Millican family have lived in the area since the 1860s and the Millican Century Farm is still in operation.