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    931 Main St Victoria, VA 23974

    Sponsored
    For Sale
    $1,395,896

    Victoria, VA: Strong NN Retail Investment

    Property size:
    15,730 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fee-simple ownership of a 15,730-square-foot Family Dollar and Family Dollar Tree retail property located at 931 Main St, Victoria, VA 23974, within the Richmond MSA. The property sits on a 1.25-acre lot and boasts 27 parking spaces, ensuring ample customer convenience. The building underwent renovations in 2022 and is zoned C-Commercial. The property features a strong, corporate-guaranteed, Net Lease (NN) with Family Dollar Stores of Virginia, LIC, providing a secure and predictable income stream. The current lease term extends until January 31, 2033, offering long-term stability. The property generates a substantial Net Operating Income (NOI) of $94,222.70, resulting in an attractive 6.75% cap rate. The asking price is $1,395,896. The property's parcel number is 033A6-0A-0-13. This is a prime opportunity for investors seeking a stable, high-performing retail asset with a nationally recognized tenant. The property's location in the Richmond MSA provides excellent access to a large consumer base. This is a turnkey investment ready for immediate income generation.

    Property Features for 931 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    15,730 SF
    Lot Size
    54,450 SF

    Building Details

    Year Renovated
    2022

    HighLights

    • Corporate Guaranty.
    • Family Dollar Stores of Virginia, LIC.
    • Net Lease (NN).
    • 15,730 SF Rentable Area.
    • 1.25‑Acre Land Area.
    • Renovated in 2022.
    Property Profile Location Intelligence

    Current Use by Public Records

    Family Dollar Dollar Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Auto Repair Shop Wholesale Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Lunenburg
    State
    Virginia
    Longitude
    -78.220029199055
    Latitude
    36.986670542106

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    FAQs

    What type of property is this?
    Individual retail property - Victoria, VA: Strong NN Retail Investment
    Where is this individual retail property located?
    The property is located at 931 Main St Victoria, VA.
    What is the asking price?
    The asking price for this property is $1,395,896.
    What are key features of this property?
    This property features: Corporate Guaranty.; Family Dollar Stores of Virginia, LIC.; Net Lease (NN).
    Request Owner's contact information
    931 Main St Victoria, VA 23974
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    931 Main St Victoria, VA 23974
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