12428 Booth Rd Stony Creek, VA 23882
- Retail properties
- 10,640 SF
- 2.17 lot acres
Current Use by Public Records
- Dollar General / Drug Store / Grocery Store
Property Details for 12428 Booth Rd
- Year built
- 2023
- Lot size
- 2.17 lot acres
- Property size
- 10,640 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
This exceptional investment opportunity presents a fee-simple interest in a brand-new, 10,640 square foot Dollar General located at 12428 Booth Rd, Stony Creek, VA 23882. Built in 2023/2024, this single-story building sits on a 2.171-acre lot and boasts 38 parking spaces. The property features a 15-year absolute NNN lease with a corporate guarantee from Dollar General, a credit-rated tenant with over 19,000 locations nationwide. The lease commenced in February 2024 and includes fixed rent bumps of 10% at each option period (5-(5) year options). With a 6.75% cap rate and a strong NOI of $110,073, this investment offers exceptional returns and minimal landlord responsibilities. The asking price is $1,631,000, translating to $153.29 per square foot. This is a rare opportunity to acquire a high-quality, net-leased retail property anchored by a financially stable, investment-grade tenant in a desirable location. The property's strong financials, long-term lease, and minimal management requirements make it an ideal addition to any portfolio. The absolute NNN lease structure ensures zero landlord responsibilities, providing a passive income stream with significant upside potential. The property's prime location in Stony Creek, Virginia, further enhances its appeal.
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
- Stony Creek
- County
- Sussex
- State
- Virginia
- Longitude
- -77.4077
- Latitude
- 36.9441
