4682 Us-29 Blairs, VA 24527
- Retail properties
- 10,640 SF
Current Use by Public Records
- Retail properties
Property Details for 4682 Us-29
- Year built
- 2024
- Property size
- 10,640 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General store in Blairs, Virginia. Built in 2024, the property boasts a 14.8-year remaining lease term (expiring August 31, 2039) with a corporate guarantee and an absolute NNN lease structure. The lease features attractive 5% rent increases every five years, ensuring consistent income growth. Located at 4682 US-29, the property benefits from a high-traffic location with 12,000 ADT, serving a 5-mile population exceeding 24,000. The property sits on a +/- 3.15-acre parcel at the corner of US-29 and Learner Lane, providing excellent visibility and accessibility. The asking price is $1,991,611, representing a 6.70% cap rate and a strong NOI of $133,437. The lease includes five 5-year renewal options, each with a 5% rent increase. This is a rare opportunity to acquire a newly constructed, high-performing retail asset in a growing market with significant upside potential. The property is conveniently located within Pittsylvania County, seven miles from Danville, 54 miles from Greensboro, NC, and 65 miles from Durham, NC. The Danville MSA boasts a population exceeding 106,000, offering a substantial and established customer base.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Blairs
- County
- Pittsylvania
- State
- Virginia
- Longitude
- -79.3737
- Latitude
- 36.6751
