40811 Morgan AvePennington Gap, VA 24277
High-yield Dollar Tree/Family Dollar, NN Lease
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- 10-year Net-Net lease with a corporate guarantee from Dollar Tree and Family Dollar.
- E-commerce resistant tenant in a new 10,500 square foot building.
- $1,920,000 asking price, representing a 7.00% cap rate and $182.86 per square foot.
- 100% occupancy with a Net Operating Income (NOI) of $134,400.
- Located on 1.102 acres at 40811 W Morgan Ave, Pennington Gap, VA 24277, with 28 parking spaces.
- New construction completed in 2024, featuring a hybrid store concept.
Property Details for 40811 Morgan Ave
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 10,500 SF
- Year Built
- 2024
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 48,003 SF
Location Insight
- City
- Pennington Gap
- County
- Lee
- State
- Virginia
- Latitude
- 36.752649
- Longitude
- -83.0408589
Nearby Comparable
Nearby Similar for Sale
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