5409 Sugar Grove HwySugar Grove, VA 24375
- Retail properties
- 7,489 SF
Property Details for 5409 Sugar Grove Hwy
- Year built
- 2017
- Lot size
- 0.92 AC
- Property size (Sq ft)
- 7,489 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
This exceptional investment opportunity presents a fee-simple Dollar General convenience store located at 5409 Sugar Grove Hwy, Sugar Grove, VA 24375. Built in 2017, this 7,489 square foot property sits on a 0.92-acre lot and boasts excellent visibility on a main road leading to Mt. Rogers National Park. The property features a 10-year remaining lease term with an absolute NNN lease structure, eliminating landlord responsibilities. The tenant, Dollar General, is an investment-grade credit tenant (BBB S&P rating) offering a sound going-in return of 7.30% cap rate and a low rent of $11.21 per square foot. The store carries fresh and cold food products, benefiting from its seasoned location and limited competition within a seven-mile radius. The property's elevated parcel ensures excellent visibility, and its location on the main east-west road through town guarantees high traffic. This is a rare opportunity to acquire a well-performing, low-maintenance retail investment in an underserved market. The asking price is $1,150,000, translating to $153.56 per square foot. The property is currently 100% occupied.
Location Insight
- City
- Sugar Grove
- County
- Smyth
- State
- Virginia
- Latitude
- 36.7761
- Longitude
- -81.412
Comparable in this City
Similar Nearby for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].