19026 Main StBuchanan, VA 24066

Property Details for 19026 Main St

Year built

2007

Lot size

0.66 AC

Property size (Sq ft)

9,270 SF

Zone code

4

Property type

Retail properties

Property subtype

Retail space

APN

65A-88D

APU

65A88D

Description

This exceptional investment opportunity presents a 9,270 square foot Family Dollar store located at 19026 Main St, Buchanan, VA 24066. Boasting a strong 8.15% cap rate and a corporate-guaranteed lease with a national tenant, this single-tenant property offers significant financial stability. The lease, originally commencing August 4, 2006, has a remaining term of approximately 3.1 years, extending to December 31, 2027, with three additional five-year options. The property, built in 2007 and renovated in 2022, benefits from a high-visibility location on Main Street, offering excellent access to Interstate 11 and Highway 81. The lease is a Net Lease (NN) structure, with the tenant responsible for taxes and insurance. The landlord is responsible for roof, structure, and parking lot maintenance, capped at $1,000 annually. Adding to the income stream, the tenant pays a percentage rent equal to 3% of gross sales exceeding $1,983,333 annually. The asking price is $730,000, representing a price per square foot of $78.75. The property's strong tenant, recent renovations, and favorable lease terms make this a compelling investment opportunity with a substantial return. The property features one story and a total of 9,270 square feet of net rentable space. The APN is 65A-88D. This is a 100% occupied property with a current NOI of $59,500.

• CAP approach

  CAP return

  Valuation

  6%

  $1,495,031

  6.5%

  $1,380,028

  7%

  $1,281,455

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,965,205

  Geo Method

  $5,362,146

• Alternative Use

  Use

  Valuation

  Residential

  $1,164,106

  Hospitality

  $1,066,315

  Educational

  $887,161

  Medical

  $917,672

  Retail

  $1,380,028

Location Insight

City

Buchanan

County

Botetourt

State

Virginia

Latitude

37.5204

Longitude

-79.6889

CBSA code

40220

CBSA name

ROANOKE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].