3632 Jeb Stuart Hwy - Retail FOR SALE


Meadows Of Dan, VA 24120
$1,012,121 USD
916-842-7549
3632 Jeb Stuart Hwy, Meadows Of Dan, VA for Sale
$1,012,121 USD
Retail - FOR SALE
1/1
null | 8.25% Cap Rate

3632 Jeb Stuart Hwy
Meadows Of Dan, VA 24120


HIGHLIGHTS

  • Leased Investment with minimal landlord responsibility
  • Corporate Guarantee
  • Strategically placed on US Route 58

OVERVIEW

Marcus and Millichap is please to present this Family Dollar Single Tenant NNN Leased Investment with minimal landlord responsibility located in Meadows of Dan, VA. Strategically placed on US Route 58 the subject property has outstanding visibility and exposure to over ±8,900 cars per day with a population density of ±8,400 residents within a 10-mile radius. The ±8,320 square-foot building sits on 1.55 acres lot fronting Jeb Stuart Hwy centrally located within the unincorporated community of Meadows of Dan just over 51 miles east of Wytheville (population 8,200) and about 55 miles south of The Roanoke MSA (population 315,000+), the most populous area in Virginia west of the state capital Richmond. The property has minimal local competition with only one other national brand nearby. The subject property is backed by a corporate guarantee and 7 years of operating history at the location. Family Dollar has six 5-year options to extend with scheduled rental increases.

FOR SALE DETAILS

PRICE

$1,012,121 USD

PRICE/SF

$122 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,518 SF

ZONING

-

APN/PARCEL ID

4415150031

ASK ABOUT THIS PROPERTY

Christopher HurdMarcus & MillichapMore Info
916-842-7549

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Christopher HurdMarcus & MillichapMore Info
916-842-7549

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