For Sale
$1,150,000

5409 Sugar Grove HwySugar Grove, VA 24375

High-yield, NNN-leased convenience store.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple Dollar General convenience store located at 5409 Sugar Grove Hwy, Sugar Grove, VA 24375. Built in 2017, this 7,489 square foot property sits on a 0.92-acre lot and boasts excellent visibility on a main road leading to Mt. Rogers National Park. The property features a 10-year remaining lease term with an absolute NNN lease structure, eliminating landlord responsibilities. The tenant, Dollar General, is an investment-grade credit tenant (BBB S&P rating) offering a sound going-in return of 7.30% cap rate and a low rent of $11.21 per square foot. The store carries fresh and cold food products, benefiting from its seasoned location and limited competition within a seven-mile radius. The property's elevated parcel ensures excellent visibility, and its location on the main east-west road through town guarantees high traffic. This is a rare opportunity to acquire a well-performing, low-maintenance retail investment in an underserved market. The asking price is $1,150,000, translating to $153.56 per square foot. The property is currently 100% occupied.

Highlights

  • Fee-simple Dollar General convenience store in Sugar Grove, VA.
  • 7,489 SF building on a 0.92-acre lot, built in 2017.
  • Excellent visibility on Sugar Grove Hwy, near Mt. Rogers National Park.
  • 10-year remaining lease with absolute NNN lease structure; investment-grade tenant (BBB S&P rating).
  • 7.30% cap rate, $11.21/SF rent, $1,150,000 asking price ($153.56/SF).
  • 100% occupied.

Property Details for 5409 Sugar Grove Hwy

Property type
Retail properties, Grocery and convenience stores
Square Feet
7,489 SF
Year Built
2017
Lot Size (sq. ft)
40,075 SF

Location Insight

City
Sugar Grove
County
Smyth
State
Virginia
Latitude
36.776114175831
Longitude
-81.412036477839
5409 Sugar Grove Hwy, Sugar Grove, Virginia

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5409 Sugar Grove Hwy
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