969 Vly St Scottsville, VA 24590-8002
- Retail space
- 9,240 SF
- 0.74 lot acres
Current Use by Public Records
- Dollar General / Discount Store / Drug Store
- Western Union / Money Transfer Service
- FedEx OnSite / Mailing Service
- Redbox / Movie Rental Kiosk / Dvd Store
Property Details for 969 Vly St
- Year built
- 2014
- Lot size
- 0.74 lot acres
- Property size
- 9,240 SF
- Zone code
- TOWN OF SCOTTSVILLE
- Property type
- Retail space
- APN
- 130A1-00-00-02700
- APU
- 130A1000002700
Description
This fee-simple retail property in Scottsville, Virginia, offers a compelling investment opportunity. The 9,002 square-foot building, constructed in 2014, is currently 100% occupied by a Dollar General under a triple-net (NNN) lease with a corporate guarantee. The lease commenced August 12, 2014, and has a remaining term of approximately 4.8 years, with five, five-year renewal options, each including a 10% rent increase. The property boasts a strong cap rate of 7.10% and a net operating income (NOI) of $112,977. Situated on a 1.02-acre lot at 969 Valley Street, the property benefits from a high-traffic location with nearby tenants including Food Lion, Ace Hardware, Subway, Rite Aid, and others. The asking price is $1,591,225, translating to $176.76 per square foot. This upgraded construction Dollar General offers a stable, long-term investment with significant upside potential. The property's strong tenant, favorable lease terms, and prime location make it an attractive addition to any portfolio. The property is zoned for commercial use.
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
- Scottsville
- County
- Albemarle
- State
- Virginia
- Longitude
- -78.4992
- Latitude
- 37.8059
- CBSA code
- 16820
- CBSA name
- CHARLOTTESVILLE, VA METROPOLITAN STATISTICAL AREA
