5409 Sugar Grove Hwy, Sugar Grove, VA 24375
- Grocery and convenience stores
- 7,489 SF
- 0.92 lot acres
Current Use by Public Records
- Dollar General / Discount Store
- Western Union / Bank / Credit Union
- FedEx OnSite / Postal Service / Courier Service
Property Details for 5409 Sugar Grove Hwy
- Year built
- 2017
- Lot size
- 0.92 lot acres
- Property type
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a fee-simple Dollar General convenience store located at 5409 Sugar Grove Hwy, Sugar Grove, VA 24375. Built in 2017, this 7,489 square foot property sits on a 0.92-acre lot and boasts excellent visibility on a main road leading to Mt. Rogers National Park. The property features a 10-year remaining lease term with an absolute NNN lease structure, eliminating landlord responsibilities. The tenant, Dollar General, is an investment-grade credit tenant (BBB S&P rating) offering a sound going-in return of 7.30% cap rate and a low rent of $11.21 per square foot. The store carries fresh and cold food products, benefiting from its seasoned location and limited competition within a seven-mile radius. The property's elevated parcel ensures excellent visibility, and its location on the main east-west road through town guarantees high traffic. This is a rare opportunity to acquire a well-performing, low-maintenance retail investment in an underserved market. The asking price is $1,150,000, translating to $153.56 per square foot. The property is currently 100% occupied.
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Location Insight
- Map
- Local Demand
- City
- Sugar Grove
- County
- Smyth
- State
- Virginia
- Longitude
- -81.412036477839
- Latitude
- 36.776114175831
