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In-PersonVirtual Tour
$ 995,000
Est. payment | /mo
9,100 SqFt
$ 995,000
Est. payment | /mo
9,100 SqFt
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
Square Footage 9,100 sqft
Price per Sqft $109
Subdivision Va
MLS Listing ID 653672
Year Built 2004
Tax Year 2024
Lot Size 0.650 Acres
Acres 0.65
Property Description
Net Leased Dollar General in Broadway. Leased through 4/2030, property is priced at 6.6% CAP rate. DG is a strong tenant that has been there since 2004, it has fundamentally low base rent therefore being a hard store to replace. Situated on Route 259, this property has over 12,000 cars past it everyday. Great opportunity for 1031 exchange buyer. This property has little maintenance liability for the owner, averaging less than $2,100/yr the last 3 years. New HVAC installed in Oct. 2024, this will lead to less liability cost for the owner for years to come.
Location
State VA
County Rockingham
Area Rockingham
Zoning B-1 Business General
Listed by Cottonwood Commercial LLC
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