4682 Us-29Blairs, VA 24527

Property Details for 4682 Us-29

Year built

2024

Property size (Sq ft)

10,640 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General store in Blairs, Virginia. Built in 2024, the property boasts a 14.8-year remaining lease term (expiring August 31, 2039) with a corporate guarantee and an absolute NNN lease structure. The lease features attractive 5% rent increases every five years, ensuring consistent income growth. Located at 4682 US-29, the property benefits from a high-traffic location with 12,000 ADT, serving a 5-mile population exceeding 24,000. The property sits on a +/- 3.15-acre parcel at the corner of US-29 and Learner Lane, providing excellent visibility and accessibility. The asking price is $1,991,611, representing a 6.70% cap rate and a strong NOI of $133,437. The lease includes five 5-year renewal options, each with a 5% rent increase. This is a rare opportunity to acquire a newly constructed, high-performing retail asset in a growing market with significant upside potential. The property is conveniently located within Pittsylvania County, seven miles from Danville, 54 miles from Greensboro, NC, and 65 miles from Durham, NC. The Danville MSA boasts a population exceeding 106,000, offering a substantial and established customer base.

Location Insight

City

Blairs

County

Pittsylvania

State

Virginia

Latitude

36.6751

Longitude

-79.3737

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