104 W Stuart Dr - Convenience Store FOR SALE


Galax, VA 24333
$1,600,000 USD
689-666-9560
104 W Stuart Dr, Galax, VA for Sale
$1,600,000 USD
Convenience Store - FOR SALE
1/3
null | 8.15% Cap Rate

104 W Stuart Dr
Galax, VA 24333


HIGHLIGHTS

  • Low Price Point: Your Dollar Tree Strip is priced at $1.6m, which amounts to a purchase price of $80/SF.
  • Replaceable Rent: Of the 912 tier-two strips on the market nationally, your Dollar Tree strip ranks #333/912, in the bottom 3% of rent/SF nationally.
  • Investment Credit: Your center is anchored by Dollar Tree a 9000+ unit operator, complemented by a 550-unit physical therapy operator, PT Solutions.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$80 USD /SF

CAP RATE

8.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree Strip Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

1.94 AC

LAND SF

84,482 SF

ZONING

B2

APN/PARCEL ID

44- 82

ASK ABOUT THIS PROPERTY

Mark ThompsonSTNL.comMore Info
689-666-9560

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Mark ThompsonSTNL.comMore Info
689-666-9560

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.