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173 W Lee St

BROADWAY, VA 22815
  • $995,000
  • STATUS: Active
  • ON SITE: 44 Days
  • MLS #: 653672
UPDATED: 31 min ago
$995,000
  • 0
    BEDS
  • 0.65
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,100
    SQFT
  • $109
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2004
Area:

School Ratings & Info

Description

Net Leased Dollar General in Broadway. Leased through 4/2030, property is priced at 6.6% CAP rate. DG is a strong tenant that has been there since 2004, it has fundamentally low base rent therefore being a hard store to replace. Situated on Route 259, this property has over 12,000 cars past it everyday. Great opportunity for 1031 exchange buyer. This property has little maintenance liability for the owner, averaging less than $2,100/yr the last 3 years.

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Listing information © 2024 Charlottesville Area Association of Realtors Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS or Jamie White Real Estate. Data last updated 2024-07-20T20:13:02.867.
www.jzwre.com/homes/151348759
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173 W Lee St BROADWAY, VA 22815

  • Price: $995,000
  • Status: Active
  • On Site: 44 Days
  • Updated: 31 min ago
  • MLS #: 653672
0
Beds
0
Baths
0
½ Baths
0.65
Acres
9,100
SQFT
$109
$/SQFT
2004
Built
Neighborhood:
Rockingham
Area:
Rockingham
Property Description
Net Leased Dollar General in Broadway. Leased through 4/2030, property is priced at 6.6% CAP rate. DG is a strong tenant that has been there since 2004, it has fundamentally low base rent therefore being a hard store to replace. Situated on Route 259, this property has over 12,000 cars past it everyday. Great opportunity for 1031 exchange buyer. This property has little maintenance liability for the owner, averaging less than $2,100/yr the last 3 years.
Property Features

Gas Yes Lender Owned No Occupancy Percentage 100 Property Type Building Short Sale No Tax Year 2024 Tenancy Single Use Options AutomotiveRestaurantRetailWarehouse Zoning B-1 Business General

Listing provided courtesy of Cottonwood Commercial LLC: 540-434-9922.


Listing information © 2024 Charlottesville Area Association of Realtors Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS or Jamie White Real Estate. Data last updated 2024-07-20T20:13:02.867.
 
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Jamie White Real Estate
820 East High Street, Suite A
Charlottesville VA, 22902