SRS Real Estate Partners
Listed by SRS Real Estate Partners McLean, SRS Real Estate Partners
$1,610,000
Family Dollar Tree Callao, VA
Details
APN 8 B 1 60
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 16,100
Units 1
Cap Rate 7.00%
NOI $112,700
Occupancy 100%
Tenancy Single
Lease Term 10
Lease Expiration 03/31/2033
Remaining Term 6.7
Rent Bumps Yes
Lease Options 5 (5-Year)
Year Built 1960
Acreage 1.640
Parking Spaces 76 spaces
Parking per 1,000 SqFt 4.72
Investment Type Net Lease
Lease Commencement 04/01/2023
Ground Lease No
Family Dollar in Virginia | New Corp Lease
Marketing description
• 6+ years remaining on a 10-year lease with 5 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease is corporate signed by Family Dollar Stores of Virgina, LLC
• $0.50/SF rental increases at the beginning of each option
• Low rent occupancy cost with rent of $7.00/SF
Investment highlights
- 6+ Years Remaining | Corporate Guaranteed | Scheduled Rental Increases | Options To Extend
- NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Signalized, Hard Corner Intersection | Limited Competition | Excellent Visibility & Access
- 2023 Renovation | Grocery Back-fill | Large Format 16,100 SF Store
- Local Demographics Within 10-Mile Trade Area | Affluent 3-Mile
Listing Contacts
SRS Real Estate Partners
Listed by SRS Real Estate Partners McLean, SRS Real Estate Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$112,700.00
$9,391.67/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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Property History
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