Listed by Marcus & Millichap - San Francisco
$800,000
Family Dollar - Big Stone Gap, VA
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,180
Cap Rate 8.00%
NOI $63,800
Tenancy Single
Lease Type NN
Lease Expiration 12/31/2028
Remaining Term 2.5
Rent Bumps Yes
Lease Options Three, 5-Year
Acreage 0.570
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/22/2005
Ground Lease No
STRONG STORE SALES | 20+ YEAR OPERATING HISTORY
Marketing description
Family Dollar with 2.5+ years remaining on an NN lease (landlord responsible for roof, structure, parking lot over $1,000, and HVAC in the final 2 years), backed by a corporate guaranty and 20+ years of operating history at this location. Positioned as a pad to Food City in the heart of Big Stone Gap's retail corridor, with three additional 5-year renewal options at 10% increases each and a percentage rent clause above $1,933,333 in gross sales.
Investment highlights
- Tenant Required to Report Store Sales
- 20+ Year Operating History at this Location
- Corporate Lease with Family Dollar
- Three, 5-year Options with 10% Rental Increases
- Pad to Food City next to Hardee's, Truist, and CVS
- Positioned in the heart of Big Stone Gap's retail corridor
- Located on Wood Avenue, the primary road through Big Stone Gap
- Proximity to Lonesome Pine Hospital, the regional healthcare anchor for Wise County
- Other nearby national tenants including Dollar General, O'Reilly, and Advance Auto
Listing Contacts
Listed by Marcus & Millichap - San Francisco
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$63,800.00
$5,316.67/mo
Valuation Metrics
0
DSCR
7.98%
Cap Rate
7.98%
ROI
Map
Zoning
B-3 CommercialCore CommercialCentral Business
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View all 82 uses Last updated Feb 11, 2026 For deeper zoning details, reports are available at Zoneomics
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