StripCenters.com is pleased to present a 100% fee simple strip center, anchored by Dollar Tree in Galax, VA. This offer is comprised of 3 tenants on a single parcel; home to an 11,000 SF Dollar Tree and the other 9,086 SF occupied by PT Physical Therapy Solutions and Blue Ridge Nail Salon.
Three reasons to acquire this property include:
1. Replaceable Rent: Your Dollar Tree Strip Center has the lowest rent/SF of the 17 tier-two strip centers currently on the market in Virginia, paying $7.31/SF. Of the 912 tier-two strips on the market nationally, your Dollar Tree Strip ranks #888/912, falling in the bottom 3% of rent/SF nationally.
2. Well Below Replacement Value: Your Dollar Tree Strip is priced at $1.6m, which amounts to a purchase price of $80/SF. To build a center like this today would cost well over $80/SF, leading to a purchase price below replacement value for this center.
3.Investment Grade Credit: Your shopping center is anchored by Dollar Tree, a Fortune 500 company and an investment grade credit tenant, rated BBB by S&P Global Ratings, currently operating more than 16,000 stores across all 50 states and Canada. This credit is complemented by PT Solutions, a 550-unit physical therapy operator serving 5 million patients annually across the nation.
Visit the Landing Page for the property for our 5-minute Marketing Video.