1013 Greenville AveStaunton, VA 24401

Property Details for 1013 Greenville Ave

Year built

2012

Lot size

0.95 AC

Property size (Sq ft)

9,100 SF

Zone code

B2

Property type

Retail properties

Property subtype

Retail space

APN

6880

APU

6880

Description

This exceptional investment opportunity presents a 9,100-square-foot freestanding convenience store situated on a 1.62-acre lot at 1013 Greenville Avenue in Staunton, Virginia. The property boasts a 7.00% cap rate and a strong NOI of $105,699, making it an attractive addition to any portfolio. Currently operating at 100% occupancy under a Net Lease (NNN) agreement with a credit-rated tenant, this single-story building, constructed in 2012, benefits from a lease expiration date of January 31, 2028. Strategically located along a major retail corridor (Route 11/Greenville Ave) at a signalized intersection, the property enjoys high visibility and accessibility. The B-2 zoning allows for a variety of uses, and its location within a Staunton Enterprise Zone offers potential tax advantages. The asking price is $1,509,990, translating to $165.93 per square foot. This is a rare opportunity to acquire a stable, high-performing retail asset in a desirable location. The property's size, location, and strong tenant make it an ideal investment for those seeking a secure and profitable return.

• CAP approach

  CAP return

  Valuation

  6%

  $3,183,863

  6.5%

  $2,938,950

  7%

  $2,729,026

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,585,024

  Geo Method

  $4,585,024

• Alternative Use

  Use

  Valuation

  Residential

  $2,479,115

  Hospitality

  $2,270,856

  Educational

  $1,889,325

  Medical

  $1,954,302

  Retail

  $2,938,950

Location Insight

City

Staunton

County

Staunton City

State

Virginia

Latitude

38.1321

Longitude

-79.0623

CBSA code

44420

CBSA name

STAUNTON-WAYNESBORO, VA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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