216 Duff Patt HwyDuffield, VA 24244

  • Retail properties
  • 10,500 SF
For Sale
$1,950,000 View listing

Property Details for 216 Duff Patt Hwy

Year built
2023
Lot size
1.14 AC
Property size (Sq ft)
10,500 SF
Property type
Retail properties
Property subtype
Other retail properties

Description

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.

216 Duff Patt Hwy, Duffield, Virginia

Location Insight

City
Duffield
County
Scott
State
Virginia
Latitude
36.7114
Longitude
-82.7946

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