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31848683
31685742

4801 Cleburne Boulevard, Dublin, VA 24084

NM
GA 126108, MS S49841 (+3)
Bull Realty
Listed by Bull Realty
$1,493,500
66 days on market
Updated 52 days ago

Dollar Tree - Established VA Tenant

Details
Property Type Retail
Sub Type Storefront
Square Footage 10,000
Net Rentable (SqFt) 10,000
Units 42
Cap Rate 7.7%
NOI $115,000
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar Tree
Lease Type NN+
Lease Term 10
Lease Expiration 01/18/2033
Remaining Term 6
Rent Bumps Yes
Lease Options 4 five year options
Price per SqFt $149
Year Built 2022
Year Renovated 2022
Zoning Commercial
Parking Spaces 42 spaces
Parking Per SqFt 4.20
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/19/2023
Ground Lease No
Sale Condition 1031 exchange

Attractive Dollar Tree Near I-81 In VA - Serving Consumer Shopping Options

Marketing description

Investors seeking an established Dollar Tree - this IS THE ONE! Located in Dublin, VA, just one mile from Interstate 81, this store is a favorite to both locals and travelers alike. As dollar stores go, this one has it all - traffic counts over ±16,000 VPD, a five-mile population of over ±15,940 AND average household income of $76,880. Dublin has limited grocery and consumer options in the immediate area making this an “essential business” for locals, nearby businesses, and the growing tourist industry.

This ±10,000 SF Dollar Tree opened in late 2023 and sits on over 2 acres. The 10-year NN+ lease has over 6 ½ years remaining on the initial term with several options. Landlord responsibilities are limited and the Tenant is responsible for reimbursement of taxes and property insurance, all interior and grounds maintenance including HVAC repairs.

Dublin is home to the largest Volvo Truck Assembly Plant in the world and is known for the beauty of a major outdoor attraction, Claytor Lake State Park which spans over ±4,200 acres.

The lease is guaranteed by Chesapeake, VA based Dollar Tree with over 9000 locations and growing.

Investment highlights

• Easy and established Dollar Tree just off I-81, serving an area with limited grocery

and consumer options.

• Quality 2023 construction of a ±10,00 SF building on busy Cleburne Blvd with over

±16,000 VPD.

• Minimal landlord responsibilities.

• Strong local, business and tourist drivers support the continued success of this store.

• Corporate lease backed by Chesapeake, VA based Dollar Tree with over ±9,000 in

the US.

Listing Contacts

NM
GA 126108, MS S49841 (+3)
Bull Realty
Listed by Bull Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$115,000.00
$9,583.33/mo

Valuation Metrics

0
DSCR
7.7%
Cap Rate
7.7%
ROI

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Additional Information

Name
Ben Harris
License
VA 022602407
Brokerage
Harris Coml Realty
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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