Listed by Marcus & Millichap - San Francisco
$1,815,000
FAMILY DOLLAR | TOP 19% IN VIRGINIA (PLACER.AI)
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 8,320
Cap Rate 7.00%
NOI $126,863
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 09/30/2032
Remaining Term 6.3
Rent Bumps Yes
Lease Options Six, 5-Year
Year Built 2017
Acreage 0.860
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/31/2017
Ground Lease No
ABSOLUTE NNN | 10% RENT INCREASE IN 2027
Marketing description
Family Dollar with 6+ years remaining on an absolute NNN lease, zero landlord responsibilities, and a corporate guaranty. Ranked in the top 19% of Family Dollar locations in Virginia (top 30% nationwide per Placer.ai), with a 10% rent increase in 2027 and six additional 5-year renewal options at 10% increases each. Positioned on Hull Street two miles from downtown Richmond, with 110,000+ residents within 5 miles.
Investment highlights
- 10% Rental Increase in October 2027
- Top 19% Family Dollar in Virginia / Top 30% Nationwide (Placer.ai)
- Absolute NNN Lease – Zero Landlord Responsibilities
- Six, 5-year Options with 10% Rental Increases
- Positioned in a dense residential neighborhood 2 miles from downtown Richmond
- Over 110,000 residents and average household income of $86,000 within 5 miles
- Located on Hull Street, a major Southside state highway (20,000+ VPD)
- Minutes from the Richmond VA Medical Center
Listing Contacts
Listed by Marcus & Millichap - San Francisco
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$126,863.00
$10,571.92/mo
Valuation Metrics
0
DSCR
6.99%
Cap Rate
6.99%
ROI
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Zoning
B-3 CommercialGeneral CommercialGeneral Business District
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View all 66 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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