5409 Sugar Grove Hwy Sugar Grove, VA 24375

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.