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104 W Stuart Dr
Galax, VA 24333
Dollar Tree Strip Center · Retail Property For Sale
Investment Highlights
- Low Price Point: Your Dollar Tree Strip is priced at $1.682m, which amounts to a purchase price of $84/SF.
- Investment Credit: Your center is anchored by Dollar Tree a 9000+ unit operator, complemented by a 550-unit physical therapy operator, PT Solutions.
- Replaceable Rent: Of the 912 tier-two strips on the market nationally, your Dollar Tree strip ranks #333/912, in the bottom 3% of rent/SF nationally.
Executive Summary
StripCenters.com is pleased to present a 100% fee simple strip center, anchored by Dollar Tree in Galax, VA. This offer is comprised of 3 tenants on a single parcel; home to an 11,000 SF Dollar Tree and the other 9,086 SF occupied by PT Physical Therapy Solutions and Blue Ridge Nail Salon.
Three reasons to acquire this property include:
1. Replaceable Rent: Your Dollar Tree Strip Center has the lowest rent/SF of the 17 tier-two strip centers currently on the market in Virginia, paying $7.31/SF. Of the 912 tier-two strips on the market nationally, your Dollar Tree Strip ranks #888/912, falling in the bottom 3% of rent/SF nationally.
2. Well Below Replacement Value: Your Dollar Tree Strip is priced at $1.682m, which amounts to a purchase price of $84/SF. To build a center like this today would cost well over $84/SF, leading to a purchase price below replacement value for this center.
3.Investment Grade Credit: Your shopping center is anchored by Dollar Tree, a Fortune 500 company and an investment grade credit tenant, rated BBB by S&P Global Ratings, currently operating more than 16,000 stores across all 50 states and Canada. This credit is complemented by PT Solutions, a 550-unit physical therapy operator serving 5 million patients annually across the nation.
Visit the Landing Page for the property for our 5-minute Marketing Video.
Three reasons to acquire this property include:
1. Replaceable Rent: Your Dollar Tree Strip Center has the lowest rent/SF of the 17 tier-two strip centers currently on the market in Virginia, paying $7.31/SF. Of the 912 tier-two strips on the market nationally, your Dollar Tree Strip ranks #888/912, falling in the bottom 3% of rent/SF nationally.
2. Well Below Replacement Value: Your Dollar Tree Strip is priced at $1.682m, which amounts to a purchase price of $84/SF. To build a center like this today would cost well over $84/SF, leading to a purchase price below replacement value for this center.
3.Investment Grade Credit: Your shopping center is anchored by Dollar Tree, a Fortune 500 company and an investment grade credit tenant, rated BBB by S&P Global Ratings, currently operating more than 16,000 stores across all 50 states and Canada. This credit is complemented by PT Solutions, a 550-unit physical therapy operator serving 5 million patients annually across the nation.
Visit the Landing Page for the property for our 5-minute Marketing Video.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
20,086 SF
Building Class
C
Year Built
1975
Price
$1,682,374
Price Per SF
$83.76
Cap Rate
7.75%
NOI
$130,384
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.94 AC
Opportunity Zone
Yes
Zoning
B2 - Business General
Parking
58 Spaces (2.89 Spaces per 1,000 SF Leased)
Frontage
286’ on W Stuart Drive
Amenities
- Pylon Sign
- Signage
- Wheelchair Accessible
Property Taxes
| Parcel Number | 44- 82 | Improvements Assessment | $484,800 |
| Land Assessment | $127,500 | Total Assessment | $612,300 |
Property Taxes
Parcel Number
44- 82
Land Assessment
$127,500
Improvements Assessment
$484,800
Total Assessment
$612,300
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