173 W LEE ST, BROADWAY VA, 22815

Active

173 W LEE ST

BROADWAY VA, 22815

$995,000

$109.34 per sqft

Active

9,100 sqft

Commercial

Built in 2004

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.

653672

MLSⓇ ID

June 5, 2024

Listed

November 22, 2024

Updated

Map

173 W LEE ST
BROADWAY VA, 22815

Interior Features

Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.65 Acres

Other Property Details

Area Name: Rockingham
Days on Market: 141
Garage: No
View: No
County: Rockingham
Pool: No
Zoning: B-1 Business General

Courtesy of Craig Anders with Cottonwood Commercial LLC
Listing Contact:

Based on information from Charlottesville Area Association of REALTORS® as of 11/22/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.