40811 Morgan Ave Pennington Gap, VA 24277

This exceptional investment opportunity presents a brand-new, 10,500-square-foot convenience store in Pennington Gap, Virginia, boasting a strong 7.00% cap rate. The property features a 10-year net-net lease with a corporate guarantee from Dollar Tree and Family Dollar, ensuring consistent income. Built in 2024, this single-story building sits on a 1.102-acre lot with ample parking (28 spaces). The lease includes rent bumps and four five-year renewal options, extending the investment's longevity. Located at 40811 W Morgan Ave, Pennington Gap, VA 24277, this property benefits from high visibility on Highway 58, experiencing approximately 7,500 vehicles per day. The hybrid store concept is designed for resilience against e-commerce competition, offering a secure and profitable investment with minimal landlord responsibilities, including a roof warranty. The NOI is $134,400, with an asking price of $1,920,000 ($182.86/sq ft). This is a rare opportunity to acquire a newly constructed, high-performing retail asset with a long-term lease and significant upside potential. The property's strong tenant, favorable lease terms, and prime location make it an ideal addition to any investment portfolio.