202 Front St Coeburn, VA 24230
- Commercial real estate
- 8,400 SF
- 1.73 lot acres
Current Use by Public Records
- Family Dollar / Dollar Store / Beer Store
- Family Dollar Store / Dollar Store / Store
Property Details for 202 Front St
- Year built
- 2014
- Lot size
- 1.73 lot acres
- Property size
- 8,400 SF
- Property type
- Commercial real estate
Description
This exceptional investment property, located at 202 FRONT ST, Coeburn, VA, presents a compelling opportunity for discerning investors. The property boasts a substantial 8,400 square feet building situated on a 1.73-acre lot, currently leased to a Family Dollar store. The lease agreement features a strong 7.5% cap rate, providing a significant return on investment. The initial lease term commences July 1st, 2024, and includes six consecutive five-year renewal options, ensuring long-term income stability. Monthly rent for the initial term is $9,945.85. The property offers ample parking with 31 spaces available for customers and employees. The responsibility for maintaining the exterior and structural components of the building rests with the landlord, minimizing operational burdens for the owner. This turnkey investment property offers a rare combination of strong tenant occupancy, a favorable lease structure, and a high-yield return, making it an ideal addition to any diversified portfolio. The property's prime location in Coeburn, VA, further enhances its appeal. This is a unique chance to acquire a stable, income-generating asset with significant long-term potential. Serious inquiries are encouraged.
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
- Coeburn
- County
- Wise
- State
- Virginia
- Longitude
- -82.4687
- Latitude
- 36.9429
