931 Main StVictoria, VA 23974

Property Details for 931 Main St

Lot size

1.25 AC

Property size (Sq ft)

15,730 SF

Property type

Investment properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Victoria

County

Lunenburg

State

Virginia

Latitude

36.9867

Longitude

-78.22

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