969 Valley StScottsville, VA 24590

Property Details for 969 Valley St

Year built

2014

Lot size

0.74 AC

Property size (Sq ft)

9,240 SF

Zone code

TOWN OF SCOTTSVILLE

Property type

Retail space

APN

130A1-00-00-02700

APU

130A1000002700

Description

This fee-simple retail property in Scottsville, Virginia, offers a compelling investment opportunity. The 9,002 square-foot building, constructed in 2014, is currently 100% occupied by a Dollar General under a triple-net (NNN) lease with a corporate guarantee. The lease commenced August 12, 2014, and has a remaining term of approximately 4.8 years, with five, five-year renewal options, each including a 10% rent increase. The property boasts a strong cap rate of 7.10% and a net operating income (NOI) of $112,977. Situated on a 1.02-acre lot at 969 Valley Street, the property benefits from a high-traffic location with nearby tenants including Food Lion, Ace Hardware, Subway, Rite Aid, and others. The asking price is $1,591,225, translating to $176.76 per square foot. This upgraded construction Dollar General offers a stable, long-term investment with significant upside potential. The property's strong tenant, favorable lease terms, and prime location make it an attractive addition to any portfolio. The property is zoned for commercial use.

• CAP approach

  CAP return

  Valuation

  6%

  $3,232,846

  6.5%

  $2,984,165

  7%

  $2,771,010

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,655,563

  Geo Method

  $4,655,563

• Alternative Use

  Use

  Valuation

  Residential

  $2,517,255

  Hospitality

  $2,305,792

  Educational

  $1,918,392

  Medical

  $1,984,368

  Retail

  $2,984,165

Location Insight

City

Scottsville

County

Albemarle

State

Virginia

Latitude

37.8059

Longitude

-78.4992

CBSA code

16820

CBSA name

CHARLOTTESVILLE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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