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321 Fairfax Pike
Stephens City, VA 22655
Retail Property For Sale
Executive Summary
AMC Real Estate Investment Services is pleased to present for sale a single-tenant, absolute NNN Dollar General located at 321 Fairfax Pike, Stephens City, Virginia, offered at $1,850,000 at a 7.00% cap rate.
The property is an all brick, premium construction asset built in 2014, positioned directly on Fairfax Pike with excellent ingress and egress, high visibility, and ±16,000 vehicles per day, along with immediate access to Interstate 81 carrying over 30,000 VPD. In-place rents are approximately $2/SF below current market, offering the next owner built-in upside at renewal. The store ranks in the 72nd percentile statewide among all Virginia Dollar General locations per AlphaMap, a clear indicator of consistent, above-average sales performance.
Five new residential communities are actively under construction within one mile of the property, directly expanding the consumer base. The site sits ±70 miles from Washington, D.C. within the Northern Virginia growth corridor, supported by average household incomes of $116,700 within 5 miles. The lease is absolute NNN with zero landlord responsibilities, five 5-year renewal options through 2054, and 10% rent bumps at each option period, making this a truly passive investment backed by an investment-grade Fortune 500 tenant.
The property is an all brick, premium construction asset built in 2014, positioned directly on Fairfax Pike with excellent ingress and egress, high visibility, and ±16,000 vehicles per day, along with immediate access to Interstate 81 carrying over 30,000 VPD. In-place rents are approximately $2/SF below current market, offering the next owner built-in upside at renewal. The store ranks in the 72nd percentile statewide among all Virginia Dollar General locations per AlphaMap, a clear indicator of consistent, above-average sales performance.
Five new residential communities are actively under construction within one mile of the property, directly expanding the consumer base. The site sits ±70 miles from Washington, D.C. within the Northern Virginia growth corridor, supported by average household incomes of $116,700 within 5 miles. The lease is absolute NNN with zero landlord responsibilities, five 5-year renewal options through 2054, and 10% rent bumps at each option period, making this a truly passive investment backed by an investment-grade Fortune 500 tenant.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
C
Year Built
2014
Price
$1,850,000
Price Per SF
$203.30
Cap Rate
7.01%
NOI
$129,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.87 AC
Zoning
GC - General Commercial
Parking
41 Spaces (4.51 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Monument Signage
Property Taxes
| Parcel Number | 86A-15 | Improvements Assessment | $1,439,500 |
| Land Assessment | $1,190,100 | Total Assessment | $2,629,600 |
Property Taxes
Parcel Number
86A-15
Land Assessment
$1,190,100
Improvements Assessment
$1,439,500
Total Assessment
$2,629,600
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