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3028 Scenic Hwy Mount Solon, VA 22843

High-return, 8-unit convenience store portfolio.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity features a portfolio of eight convenience stores and gas stations in prime Virginia locations. The portfolio boasts a total of 23,837 square feet and is currently operating at 100% occupancy. Each location benefits from high visibility and accessibility, situated along major thoroughfares or in areas with significant tourist traffic. Several locations are near popular recreational destinations, ensuring a consistent customer base. The portfolio is master-leased to a strong, long-term operator, providing a stable income stream with built-in 2% annual rent increases. This presents a rare opportunity for both investors seeking a high-yield asset and owner-operators looking to expand their market share in a thriving sector. The portfolio includes locations in Mount Solon, Skipwith, Red Oak, Alton, Millboro, Brookneal, and two in Nathalie, Virginia, each strategically positioned for optimal business performance. Existing infrastructure and ample parking accommodate various business needs and potential expansion opportunities. This is a turnkey operation with established management in place, allowing for remote operational oversight. The current contracts for COAM (game machines) and Jobber (gas) are in place. This portfolio offers a unique blend of stability, growth potential, and a strong return on investment.

Highlights

  • Sale-Leaseback Opportunity: Portfolio of 8 locations, master-leased to a strong, long-term operator; attractive cap rate with 2% annual increases.
  • Owner-User Opportunity: Acquire 8 locations in a booming market; significant value-add potential; currently fully occupied with existing management allowing for remote operation; existing COAM and Jobber contracts.
  • 3028 Scenic Hwy: High-traffic location on VA-42 in the Shenandoah Valley, near George Washington Forest and Natural Chimneys Park.
  • 19074 VA 49: High-visibility location on Highway 49 in Skipwith, VA, near Kerr Lake.
  • 1464 Jeb Stuart Hwy: High-traffic location on US-58; near local attractions; potential for business expansion.
  • 5013 Cluster Springs Rd: High-traffic location on Cluster Springs Road in Alton, VA; ample parking for large vehicles.

Property Details for 3028 Scenic Hwy

Property type
Retail properties, Grocery and convenience stores
Square Feet
23,837 SF

Location Insight

City
Mount Solon
County
Augusta
State
Virginia
Latitude
38.3147716
Longitude
-79.0958536

FAQs

What type of property is this?
Retail property - High-return, 8-unit convenience store portfolio.
Where is the retail property located?
The property is located at 3028 Scenic Hwy Mount Solon, VA.
What are key features of this property?
This property features: Sale-Leaseback Opportunity: Portfolio of 8 locations, master-leased to a strong, long-term operator; attractive cap rate with 2% annual increases.; Owner-User Opportunity: Acquire 8 locations in a booming market; significant value-add potential; currently fully occupied with existing management allowing for remote operation; existing COAM and Jobber contracts.; 3028 Scenic Hwy: High-traffic location on VA-42 in the Shenandoah Valley, near George Washington Forest and Natural Chimneys Park.
How can I contact the broker?
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3028 Scenic Hwy
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