For Sale
$1,509,990

1013 Greenville AveStaunton, VA 24401

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 9,100-square-foot freestanding convenience store situated on a 1.62-acre lot at 1013 Greenville Avenue in Staunton, Virginia. The property boasts a 7.00% cap rate and a strong NOI of $105,699, making it an attractive addition to any portfolio. Currently operating at 100% occupancy under a Net Lease (NNN) agreement with a credit-rated tenant, this single-story building, constructed in 2012, benefits from a lease expiration date of January 31, 2028. Strategically located along a major retail corridor (Route 11/Greenville Ave) at a signalized intersection, the property enjoys high visibility and accessibility. The B-2 zoning allows for a variety of uses, and its location within a Staunton Enterprise Zone offers potential tax advantages. The asking price is $1,509,990, translating to $165.93 per square foot. This is a rare opportunity to acquire a stable, high-performing retail asset in a desirable location. The property's size, location, and strong tenant make it an ideal investment for those seeking a secure and profitable return.

Highlights

  • $1,509,990 asking price for this 9,100 SF net-leased convenience store.
  • 7.00% cap rate with a $105,699 annual NOI.
  • NNN lease with a credit-rated tenant (Dollar Tree, S&P rated 'BBB').
  • 100% occupancy, lease expiring January 31, 2028.
  • Freestanding building on a 1.62-acre lot in Staunton, VA, situated along a major retail corridor (Route 11/Greenville Ave).
  • Located in a Staunton Enterprise Zone and zoned B-2.

Property Details for 1013 Greenville Ave

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,100 SF
Year Built
2012
Buildings
1
Stories
1
Lot Size (sq. ft)
70,567 SF

Location Insight

City
Staunton
County
Staunton City
State
Virginia
Latitude
38.1321533
Longitude
-79.0620781
1013 Greenville Ave, Staunton, Virginia

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1013 Greenville Ave
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