3028 Scenic Hwy Mount Solon, VA 22843-2608
- Retail space
- 5,483 SF
- 0.74 lot acres
Jul 02, 2021
Current Use by Public Records
- Retail space
Property Details for 3028 Scenic Hwy
- Year built
- 1930
- Lot size
- 0.74 lot acres
- Property size
- 5,483 SF
- Zone code
- GENERAL AGRICULTURE
- Property type
- Retail space
- APN
- 017 15F
- APU
- 01715F
Description
This exceptional investment opportunity features a portfolio of eight convenience stores and gas stations in prime Virginia locations. The portfolio boasts a total of 23,837 square feet and is currently operating at 100% occupancy. Each location benefits from high visibility and accessibility, situated along major thoroughfares or in areas with significant tourist traffic. Several locations are near popular recreational destinations, ensuring a consistent customer base. The portfolio is master-leased to a strong, long-term operator, providing a stable income stream with built-in 2% annual rent increases. This presents a rare opportunity for both investors seeking a high-yield asset and owner-operators looking to expand their market share in a thriving sector. The portfolio includes locations in Mount Solon, Skipwith, Red Oak, Alton, Millboro, Brookneal, and two in Nathalie, Virginia, each strategically positioned for optimal business performance. Existing infrastructure and ample parking accommodate various business needs and potential expansion opportunities. This is a turnkey operation with established management in place, allowing for remote operational oversight. The current contracts for COAM (game machines) and Jobber (gas) are in place. This portfolio offers a unique blend of stability, growth potential, and a strong return on investment.
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
- Mount Solon
- County
- Augusta
- State
- Virginia
- Longitude
- -79.0959
- Latitude
- 38.3148
- CBSA code
- 44420
- CBSA name
- STAUNTON-WAYNESBORO, VA MICROPOLITAN STATISTICAL AREA
