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Family Dollar - Callao, VA 35 Northumberland Hwy 16,100 SF Retail Building Callao, VA 22435 $2,238,335 CAD ($139.03 CAD/SF) 7% Cap Rate
Investment Highlights
- Ideal, low-management investment for an out-of-state, passive investor
- Excellent visibility via street frontage and multiple points of access, providing ease and convenience for customers
- Limited competition as there are only a few discount stores serving the immediate trade area
- Conveniently located at a bus stop, across from US Post Office, and next to the Callao Brewing Company in the center of town
Executive Summary
• 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
• 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
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
16,100 SF
Building Class
B
Year Built/Renovated
1960/2023
Price
$2,238,335 CAD
Price Per SF
$139.03 CAD
Cap Rate
7%
NOI
$156,683 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.64 AC
Zoning
B-1, - BUSINESS GENERAL
Parking
76 Spaces (4.72 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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Family Dollar - Callao, VA | 35 Northumberland Hwy
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