40811 Morgan Ave - Freestanding FOR SALE


Pennington Gap, VA 24277
$1,920,000 USD
804-344-7140
40811 Morgan Ave, Pennington Gap, VA for Sale
$1,920,000 USD
Freestanding - FOR SALE
1/3
null | 7% Cap Rate

40811 Morgan Ave
Pennington Gap, VA 24277


HIGHLIGHTS

  • Corporate-guaranteed 10-year double-net lease with minimal landlord obligations
  • Hybrid Family Dollar/Dollar Tree format drives 20% higher sales
  • Located on Duff Patt Hwy with visibility to 5,200 vehicles per day
  • One of the few national retailers in a rural submarket with limited competition
  • Backed by Dollar Tree, Inc., a Fortune 200 company with over 16,000 locations
  • Active roof warranty further reduces ownership risk

OVERVIEW

Cushman & Wakefield | Thalhimer is pleased to exclusively offer for sale a newly constructed, corporately guaranteed Family Dollar Tree combo store in Pennington Gap, Virginia. This ±10,500 square foot property sits on ±1.102 acres and features Dollar Tree, Inc.’s latest hybrid format, combining both brands under one roof to drive broader appeal and generate approximately 20% higher sales than traditional stores. The asset is secured by a 10-year double net lease with minimal landlord responsibilities limited to roof and structure, supported by an active roof warranty. Located directly on U.S. Highway 58, the site offers excellent visibility and access with ± 7,500 vehicles per day and serves as one of the few national retailers in the region. Dollar Tree, Inc. (NASDAQ: DLTR) is a Fortune 200 company operating more than 16,000 locations nationwide, offering a recession-resistant, e-commerce-resilient model focused on value-driven essentials. This opportunity offers investors reliable cash flow from a high-performing store concept in a supply-constrained rural market with limited competition and strong consumer demand.

FOR SALE DETAILS

PRICE

$1,920,000 USD

PRICE/SF

$183 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

CROSS STREETS

Herndon Street

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

None

APN/PARCEL ID

23E-(2)-A

ASK ABOUT THIS PROPERTY

Catharine SpanglerCushman & Wakefield | ThalhimerMore Info
804-344-7140

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Catharine SpanglerCushman & Wakefield | ThalhimerMore Info
804-344-7140

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