Listed by Marcus & Millichap - Dallas, Marcus & Millichap - Washington, D.C.
$1,359,000
Family Dollar (Greater Richmond, VA MSA)
Details
Property Type Retail
Sub Type Dollar Store
Square Footage 10,465
Net Rentable (SqFt) 10,465
Units 1
Cap Rate 8.5%
NOI $115,500
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NN
Lease Term 10
Lease Expiration 09/29/2031
Remaining Term 5.3
Rent Bumps Yes
Lease Options Five, 5-Year
Price per SqFt $130
Broker Co-Op Yes
Year Built 2021
Acreage 1.530
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/20/2020
Ground Lease No
Recent 2021 Construction on a Large 1.53-Acre Site
Marketing description
Offered for sale is a Family Dollar in McKenney, Virginia. The 10,465-SF freestanding store was constructed in 2021 and sits on a 1.53-acre parcel near the intersection of Boydton Plank Road and Doyle Boulevard. The property benefits from its strategic position within the Greater Richmond region, located just off I-85 and US-1, two major north–south corridors that support steady commuter, logistics, and regional travel activity. Proximity to nearby employers—including Kaisa’s 248,816-SF industrial facility—adds daytime population and consistent demand for essential-goods retail.
Investment highlights
- Double Net Lease with 5.3 Years Remaining
- Near the Intersection of Boydton Plank Road & Doyle Boulevard (4,172 VPD)
- Recent 2021 Construction on a Large 1.53-Acre Site
- $94,521 Average Household Income Within a 5-Mile Radius
- Strategic Position Within the Greater Richmond, VA MSA
- National Discount Retailer With 4,300+ Locations and Strong Concentration Across the Rural Southeast
Listing Contacts
Listed by Marcus & Millichap - Dallas, Marcus & Millichap - Washington, D.C.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$115,500.00
$9,625.00/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
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