About 173 W Lee St W
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.
Features of 173 W Lee St W
| MLS® # | 653672 |
|---|---|
| Price | $995,000.00 |
| Bathrooms | 0.00 |
| Square Footage | 9,100.00 |
| Acres | 0.65 |
| Year Built | 2004 |
| Type | Commercial Sale |
| Sub-Type | Building |
| Status | Active |
| Zoning | B-1 Business General |
Community Information
| Address | 173 W Lee St W |
|---|---|
| City | Broadway |
| County | Rockingham |
| State | VA |
| Zip Code | 22815 |
Amenities
| Utilities | Natural Gas Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
Listing Details
| Office | Cottonwood Commercial LLC |
|---|