216 Park NE Ave, Wise, VA 24293-5110

This exceptional investment opportunity presents a fee-simple ownership of an 8,320 square foot, single-story retail building in Wise, Virginia. Built in 2016 as a build-to-suit for Family Dollar, this property boasts a strong, credit-rated corporate guarantee lease with Dollar Tree (which acquired Family Dollar in 2015), a leading discount retailer with over 16,000 locations. The current lease, a Net Lease (NN+) structure, commenced March 15, 2016, and has recently been extended to March 31, 2033, providing a remaining term of 8.5 years. Six five-year renewal options are included, each with a 10% rent increase. The property generates a substantial net operating income (NOI) of $127,000, resulting in a 7.50% cap rate. Situated on a 0.2-acre lot at 216 Park Ave NE, Wise, VA 24293, this location benefits from excellent visibility and proximity to major national retailers including Walmart, Harbor Freight Tools, Tractor Supply, Lowe's, GameStop, KFC, and Arby's. The strong demographics further enhance the investment appeal, with approximately 9,573 residents within a 3-mile radius and 16,159 within a 5-mile radius. This is a rare opportunity to acquire a well-performing, stable retail investment with a long-term lease and significant upside potential. The asking price is $1,693,333.