13414 Riverside dr - Convenience Store FOR SALE


Oakwood, VA 24631
$1,138,000 USD
678-808-2762
13414 Riverside dr, Oakwood, VA for Sale
$1,138,000 USD
Convenience Store - FOR SALE
1/3
null | 8% Cap Rate

13414 Riverside dr
Oakwood, VA 24631


HIGHLIGHTS

  • Low Rent & Price Point
  • Investment Grade Tenant (S&P: BBB)
  • 9 Year Corporate Lease
  • Near Princeton, WV | County Seat of Mercer Coounty
  • Nearby National retailers

OVERVIEW

LOW RENT PRICE POINT • The subject property has a lower rent which equates to a low price point of $1,175,000. INVESTMENT GRADE TENANT (S&P: BBB) • Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB. • Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces. • Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion. 8 YEAR CORPORATE LEASE • Family Dollar Tree renovated & backfilled a former Save A-lot and signed a new 10 year lease that commenced in January 2023. • There are approximately 8 years left on a 10-year corporate guaranteed NN Lease with Family Dollar Tree. • Tenant is responsible for Routine Parking Lot Maintenance, Taxes, Insurance, HVAC, Utilities, and Landscaping. • The Landlord responsibilities include Roof, Structure and Parking Lot. • The rent increases $0.50/SF in each of the Five, 5-year option periods. NEAR PRINCETON, WV | COUNTY SEAT OF MERCER COUNTY • This Family Dollar Tree is located 1.5 hours west of Princeton, WV. • Princeton is the county seat of Mercer County and located directly off Interstate 77 (27,829 VPD) • National Retailers in Princeton include Lowe’s Home Improvement, Kroger, Walmart, Big Lots, and more. • Princeton Community Hospital is a leader in the region for medical care with 267 beds, 160 doctors, and 1,097 employees. NEARBY NATIONAL RETAILERS • National retailers in a 5 mile radius includes Tractor Supply, Food City, McDonalds, Dairy Queen and more.

FOR SALE DETAILS

PRICE

$1,138,000 USD

PRICE/SF

$69 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar Tree | Low Rent & Price Point

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Don McMinnMarcus & MillichapMore Info
678-808-2762

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Don McMinnMarcus & MillichapMore Info
678-808-2762

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.