Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Discount Store
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Bank Credit Union
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Postal Service Courier Service
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Cinema (Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
TOWN OF SCOTTSVILLE · Scottsville, VAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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