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639 Wood Ave E
Big Stone Gap, VA 24219
Asking Price
$800K
Cap Rate
8%
Asset Type
Convenience Store Retail
Class
Class B
What's Special
STRONG STORE SALES | 20+ YEAR OPERATING HISTORY <ul><li>Tenant Required to Report Store Sales</li><li>20+ Year Operating History at this Location</li><li>Corporate Lease with Family Dollar</li><li>Three, 5-year Options with 10% Rental Increases</li><li>Pad to Food City next to Hardee's, Truist, and CVS</li><li>Positioned in the heart of Big Stone Gap's retail corridor</li><li>Located on Wood Avenue, the primary road through Big Stone Gap</li><li>Proximity to Lonesome Pine Hospital, the regional healthcare anchor for Wise County</li><l
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NOI
$80,000
Cap Rate
10.00%
DSCR
1.68
Strong
Cash-on-Cash
13.54%
Monthly Payment
$3,957.964
Annual Cash Flow
$32,504.438