For Sale
$1,591,225

969 Valley StScottsville, VA 24590

Virginia Grocery Store, 7.10% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
This fee-simple retail property in Scottsville, Virginia, offers a compelling investment opportunity. The 9,002 square-foot building, constructed in 2014, is currently 100% occupied by a Dollar General under a triple-net (NNN) lease with a corporate guarantee. The lease commenced August 12, 2014, and has a remaining term of approximately 4.8 years, with five, five-year renewal options, each including a 10% rent increase. The property boasts a strong cap rate of 7.10% and a net operating income (NOI) of $112,977. Situated on a 1.02-acre lot at 969 Valley Street, the property benefits from a high-traffic location with nearby tenants including Food Lion, Ace Hardware, Subway, Rite Aid, and others. The asking price is $1,591,225, translating to $176.76 per square foot. This upgraded construction Dollar General offers a stable, long-term investment with significant upside potential. The property's strong tenant, favorable lease terms, and prime location make it an attractive addition to any portfolio. The property is zoned for commercial use.

Highlights

  • Triple Net (NNN) lease; tenant responsible for all operating expenses.
  • High-quality, upgraded building construction.
  • Excellent Valley Street location with 6,200+ vehicles per day (VPD).
  • Strong tenant synergy with nearby Food Lion, Ace Hardware, Subway, Rite Aid, and other retailers.

Property Details for 969 Valley St

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,002 SF
Year Built
2014
Lot Size (sq. ft)
44,431 SF

Location Insight

City
Scottsville
County
Albemarle
State
Virginia
Latitude
37.8062177
Longitude
-78.4990345
969 Valley St, Scottsville, Virginia

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969 Valley St
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