12428 Booth RdStony Creek, VA 23882

Property Details for 12428 Booth Rd

Year built

2023

Lot size

2.17 AC

Property size (Sq ft)

10,640 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple interest in a brand-new, 10,640 square foot Dollar General located at 12428 Booth Rd, Stony Creek, VA 23882. Built in 2023/2024, this single-story building sits on a 2.171-acre lot and boasts 38 parking spaces. The property features a 15-year absolute NNN lease with a corporate guarantee from Dollar General, a credit-rated tenant with over 19,000 locations nationwide. The lease commenced in February 2024 and includes fixed rent bumps of 10% at each option period (5-(5) year options). With a 6.75% cap rate and a strong NOI of $110,073, this investment offers exceptional returns and minimal landlord responsibilities. The asking price is $1,631,000, translating to $153.29 per square foot. This is a rare opportunity to acquire a high-quality, net-leased retail property anchored by a financially stable, investment-grade tenant in a desirable location. The property's strong financials, long-term lease, and minimal management requirements make it an ideal addition to any portfolio. The absolute NNN lease structure ensures zero landlord responsibilities, providing a passive income stream with significant upside potential. The property's prime location in Stony Creek, Virginia, further enhances its appeal.

Location Insight

City

Stony Creek

County

Sussex

State

Virginia

Latitude

36.9441

Longitude

-77.4077

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