173 Lee St, Broadway, VA 22815-9753

This exceptional investment opportunity presents a net-leased Dollar General store located at 173 W Lee St, Broadway, VA. The property boasts a substantial 9,100 square feet situated on a 0.65-acre lot, enjoying a prime location on Route 259 with over 12,000 vehicles passing daily, ensuring high visibility and consistent customer traffic. Currently leased until April 2030, this property offers a secure, long-term income stream with a compelling 6.6% capitalization rate. Dollar General, a highly reputable and stable tenant, has occupied the premises since 2004, demonstrating a long-standing commitment to the location. The low base rent contributes to the property's exceptional value and makes it a particularly attractive asset. Furthermore, the property requires minimal maintenance, averaging less than $2,100 annually over the past three years. Recent improvements include a new HVAC system installed in October 2024, significantly reducing future maintenance liabilities and enhancing the property's long-term operational efficiency. This presents a low-maintenance, high-yield investment ideal for 1031 exchange buyers seeking a stable and profitable addition to their portfolio. The combination of a strong tenant, prime location, and low maintenance costs makes this a truly exceptional investment opportunity.