216 Duff Patt Hwy Duffield, VA 24244
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.