4623 Amherst Hwy Madison Heights, VA 24572-5344

This exceptional investment opportunity presents a 1,922-square-foot ARKO convenience store located at 4623 S Amherst Hwy, Madison Heights, VA 24572. The property sits on a 0.845-acre lot and benefits from a prominent location in a dense retail corridor with high traffic volume exceeding 31,400 vehicles daily. The store is subject to a 12-year triple-net (NNN) lease, commencing June 21, 2023, and expiring June 30, 2035, leaving a substantial remaining lease term of approximately 10.6 years. The current annual net operating income (NOI) is $97,871, with built-in annual rent increases of 1.50%. The asking price is $1,779,480, representing a 5.50% cap rate and a price per square foot of $925.85. The lease includes a corporate guarantee, ensuring tenant reliability. This investment offers significant tax advantages due to its eligibility for bonus and accelerated depreciation. Nearby national retailers include Walmart, Starbucks, KFC, McDonald's, Dairy Queen, Wendy's, Lowe's, Dunkin', Subway, Pizza Hut, Tidal Wave Auto Spa, Speedway, Wells Fargo, CVS, and Advance Auto Parts, further solidifying the property's strong location and potential for continued success. The property boasts excellent frontage along S Amherst Highway, maximizing visibility and accessibility. This is a turnkey investment opportunity with a secure, long-term lease and strong potential for return. 100% occupancy ensures immediate cash flow.