Investment Overview

Marcus and Millichap is please to present this Family Dollar Single Tenant NNN Leased Investment with minimal landlord responsibility located in Barren Springs, VA. Strategically placed on Virginia State Route 100 the subject property has outstanding visibility and exposure to over ±3,400 cars per day with a population density of ±3,300 residents within a 5-mile radius. The ±8,320 square-foot building sits on 1.6 acres lot fronting Foster Falls Rd centrally located within the unincorporated community of Barron Falls just over 11 miles south of Pulaski (population 9,000) and about 60 miles south of The Roanoke MSA (population 315,000+), the most populous area in Virginia west of the state capital Richmond. The property has minimal local competition with only one other national brand nearby. The subject property is backed by a corporate guarantee and 7 years of operating history at the location. Family Dollar has three years remaining on their 10-year original lease, with six 5-year options to extend with scheduled rental increases.