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Family Dollar 19026 Main St 9,270 SF Retail Building Buchanan, VA 24066 $1,019,022 CAD ($109.93 CAD/SF) 8.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Newly remodeled store & recent option extension further demonstrates Family Dollar's commitment to this location.
- 3 X 5 year options remain.
- Primary Term Escalations 10% each option period.
- Current options period from 1/1/2023 to 12/31/2027.
- Landlord responsible for roof & structure.
EXECUTIVE SUMMARY
Located on high visibility Main Street which turns into Interstate 11 and runs parallel, eventually merges into Hwy81 going westbound. In addition to base rent, tenant will pay landlord a percentage rent equal to 3% of the gross sales in excess of $1,983,333.00 for each calendar year.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,270 SF
Building Class
C
Year Built/Renovated
2007/2022
Price
$1,019,022 CAD
Price Per SF
$109.93 CAD
Cap Rate
8.15%
NOI
$83,057 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.66 AC
Zoning
4
Parking
20 Spaces (2.47 Spaces per 1,000 SF Leased)
Frontage
109’ on Main St
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 65A-88D | Improvements Assessment | $745,991 CAD |
| Land Assessment | $168,522 CAD | Total Assessment | $914,513 CAD |
PROPERTY TAXES
Parcel Number
65A-88D
Land Assessment
$168,522 CAD
Improvements Assessment
$745,991 CAD
Total Assessment
$914,513 CAD
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Family Dollar | 19026 Main St
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