216 Duff Patt Hwy Duffield, VA 24244
- Retail properties
- 10,500 SF
- 1.14 lot acres
Current Use by Public Records
- Retail properties
Property Details for 216 Duff Patt Hwy
- Year built
- 2023
- Lot size
- 1.14 lot acres
- Property size
- 10,500 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a brand-new, 10,500-square-foot retail building situated on a 1.139-acre lot in Duffield, Virginia. The property boasts a 100% occupancy rate with a 10-year net-net lease to a credit-rated, corporate-guaranteed tenant: Dollar Tree/Family Dollar. This is a new hybrid store concept, demonstrating higher sales averages than traditional models. The building, constructed in 2023, enjoys a prime location on Duff Patt Highway, experiencing approximately 5,200 vehicles per day. The asking price is $1,950,000, representing a compelling $185.71 per square foot and a 7.00% cap rate, with a current NOI of $136,500. The property features a single-story building on commercially zoned land (APN: 80A4-A-14A), and the lease commenced April 1st, 2024. Minimal landlord responsibilities are expected due to the inclusion of a roof warranty. This e-commerce resistant tenant and strong lease terms make this a low-risk, high-return investment opportunity. The property's address is 216 Duff Patt Hwy, Duffield, VA 24244.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Duffield
- County
- Scott
- State
- Virginia
- Longitude
- -82.7946
- Latitude
- 36.7114
