For Sale
$1,950,000

216 Duff Patt HwyDuffield, VA 24244

Dollar Tree/Family Dollar, Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, 10,500-square-foot retail building situated on a 1.139-acre lot in Duffield, Virginia. The property boasts a 100% occupancy rate with a 10-year net-net lease to a credit-rated, corporate-guaranteed tenant: Dollar Tree/Family Dollar. This is a new hybrid store concept, demonstrating higher sales averages than traditional models. The building, constructed in 2023, enjoys a prime location on Duff Patt Highway, experiencing approximately 5,200 vehicles per day. The asking price is $1,950,000, representing a compelling $185.71 per square foot and a 7.00% cap rate, with a current NOI of $136,500. The property features a single-story building on commercially zoned land (APN: 80A4-A-14A), and the lease commenced April 1st, 2024. Minimal landlord responsibilities are expected due to the inclusion of a roof warranty. This e-commerce resistant tenant and strong lease terms make this a low-risk, high-return investment opportunity. The property's address is 216 Duff Patt Hwy, Duffield, VA 24244.

Highlights

  • New hybrid Dollar Tree/Family Dollar store; hybrid models average 20% higher sales.
  • Minimal landlord responsibilities; roof warranty provided.
  • New construction, 2023.
  • 10,500 SF building on a 1.139-acre lot.
  • High-traffic location (5,200 VPD) on Duff Patt Highway.
  • 10-year Net Net lease with credit-rated tenant and corporate guarantee.

Property Details for 216 Duff Patt Hwy

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,500 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
49,615 SF

Location Insight

City
Duffield
County
Scott
State
Virginia
Latitude
36.711401102885
Longitude
-82.794585082622
216 Duff Patt Hwy, Duffield, Virginia

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216 Duff Patt Hwy
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