1. Virginia
  2. Broadway
  3. 173 W LEE ST
$995,000

173 W LEE ST, Broadway, VA 22815

  • 9,100 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 2004
  • Property Lot Size Icon0.65acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $109/sqft
  • Property List Date Icon Listed 1 year ago

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. New HVAC installed in Oct. 2024, this will lead to less liability cost for the owner for years to come.

Listing Status:
Active
Date Added:
June 5, 2024 at 05:00AM
Listing Office:
Cottonwood Commercial LLC : 540-434-9922
Listing Agent:
Craig Anders : 540-383-6054
MLS ID:
653672
  • Originating MLS: CAAR
  • County: Rockingham

This listing courtesy of Craig Anders, Cottonwood Commercial LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

J

John C. Myers Elementary School

290 Raider Rd, Broadway, VA, 22815

Grades PK-5

0.55 miles away

J

J. Frank Hillyard Middle School

226 Hawks Hill Dr, Broadway, VA, 22815

Grades 6-8

0.20 miles away

B

Broadway High School

269 Gobbler Dr, Broadway, VA, 22815

Grades 9-12

0.96 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.