For Sale
$1,395,896

931 Main StVictoria, VA 23974

Victoria, VA: Strong NN Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple ownership of a 15,730-square-foot Family Dollar and Family Dollar Tree retail property located at 931 Main St, Victoria, VA 23974, within the Richmond MSA. The property sits on a 1.25-acre lot and boasts 27 parking spaces, ensuring ample customer convenience. The building underwent renovations in 2022 and is zoned C-Commercial. The property features a strong, corporate-guaranteed, Net Lease (NN) with Family Dollar Stores of Virginia, LIC, providing a secure and predictable income stream. The current lease term extends until January 31, 2033, offering long-term stability. The property generates a substantial Net Operating Income (NOI) of $94,222.70, resulting in an attractive 6.75% cap rate. The asking price is $1,395,896. The property's parcel number is 033A6-0A-0-13. This is a prime opportunity for investors seeking a stable, high-performing retail asset with a nationally recognized tenant. The property's location in the Richmond MSA provides excellent access to a large consumer base. This is a turnkey investment ready for immediate income generation.

Highlights

  • Corporate Guaranty.
  • Family Dollar Stores of Virginia, LIC.
  • Net Lease (NN).
  • 15,730 SF Rentable Area.
  • 1.25-Acre Land Area.
  • Renovated in 2022.

Property Details for 931 Main St

Property type
Retail properties, Investment properties
Square Feet
15,730 SF
Year Renovated
2022
Lot Size (sq. ft)
54,450 SF

Location Insight

City
Victoria
County
Lunenburg
State
Virginia
Latitude
36.986670542106
Longitude
-78.220029199055
931 Main St, Victoria, Virginia

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931 Main St
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