931 Main St Victoria, VA 23974
- Retail properties
- 15,730 SF
- 1.25 lot acres
Current Use by Public Records
- Family Dollar / School Supply Store / Toy Store
Property Details for 931 Main St
- Lot size
- 1.25 lot acres
- Property size
- 15,730 SF
- Property type
- Retail properties
- Property subtype
- Investment properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Victoria
- County
- Lunenburg
- State
- Virginia
- Longitude
- -78.22
- Latitude
- 36.9867
