4707 County DrDisputanta, VA 23842

Property Details for 4707 County Dr

Year built

1991

Lot size

2.48 AC

Property size (Sq ft)

3,024 SF

Zone code

11

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

340(0A)00-042-0

APU

3400A000420

Description

Exceptional investment opportunity: a thriving, multi-tenant retail property featuring a Shell gas station, Subway, and Jiffy Mart convenience store located at 4707 County Dr, Disputanta, VA 23842. This 2.48-acre property boasts a long-term NNN lease with 11.6 years remaining, offering significant rental income and built-in rent escalations. The property includes six gasoline dispensers, one diesel dispenser, and nine high-speed fueling positions. Additional amenities include ample truck parking, restrooms, an ATM, and the sale of truck parts and accessories. The property benefits from a high-traffic location, with an average annual daily traffic count of 15,000 vehicles and proximity to Interstate 295N (AADT 23,000). Built in 1990, the property recently underwent a rebranding with Shell. The lease features 10% rent bumps every five years throughout the primary term and three 5-year renewal options, ensuring consistent income growth. The asking price is $2,703,644, with a current NOI of $182,496 and a 6.75% cap rate. This property presents a compelling opportunity for investors seeking a stable, high-performing asset with significant long-term potential. The lease commenced June 29, 2001, and expires June 30, 2036. Bonus depreciation may be available.

• CAP approach

  CAP return

  Valuation

  6%

  $824,750

  6.5%

  $761,308

  7%

  $706,929

• Comparable approach

  Method

  Valuation

  Relative Method

  $855,254

  Geo Method

  $1,272,696

• Alternative Use

  Use

  Valuation

  Residential

  $642,192

  Hospitality

  $588,244

  Educational

  $489,412

  Medical

  $506,244

  Retail

  $761,308

Location Insight

City

Disputanta

County

Prince George

State

Virginia

Latitude

37.1827

Longitude

-77.3181

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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