For Sale
$1,175,000
13414 Riverside DrOakwood, VA 24631
High-yield Dollar Tree/Family Dollar NNN Lease
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- $1,175,000 asking price for a Net Leased convenience store.
- 7.75% cap rate with a $90,997 annual NOI.
- 16,563 square feet on a 2-acre lot, occupied by Dollar Tree/Family Dollar.
- 10-year lease (NN) with approximately 8.1 years remaining, commencing December 31, 2022, and expiring December 31, 2032.
- Corporate guarantee from Dollar Tree/Family Dollar (S&P: BBB rating).
- Five, 5-year lease options with $0.50/SF rent increases during each option period.
Property Details for 13414 Riverside Dr
- Property type
- Retail properties, Grocery and convenience stores
- Lot Size (sq. ft)
- 87,120 SF
Location Insight
- City
- Oakwood
- County
- Buchanan
- State
- Virginia
- Latitude
- 37.2213726
- Longitude
- -82.0306717
13414 Riverside Dr, Oakwood, Virginia
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