173 W Lee St - Freestanding FOR SALE


Broadway, VA 22815
$995,000 USD
540-820-7008
173 W Lee St, Broadway, VA for Sale
$995,000 USD
Freestanding - FOR SALE
1/17
null | 6.6% Cap Rate

173 W Lee St
Broadway, VA 22815


HIGHLIGHTS

  • Tenant executed a 6-year extension renewing their commitment to be at the site for the future
  • Situated on a corridor that sees 12,000 daily cars a day, and connects West Virginia to Harrisonburg
  • Strong sales over $1.4M
  • 6.6% +/- CAP Rate

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$109 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NET LEASED DOLLAR GENERAL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Drug Store, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,358 SF

ZONING

TOWN

APN/PARCEL ID

51-A-L69C1

ASK ABOUT THIS PROPERTY

Keith MayCottonwood CommercialMore Info
540-820-7008

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Keith MayCottonwood CommercialMore Info
540-820-7008

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