Investment Overview

Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/2903 Marcus and Millichap is pleased to present this Family Dollar Single Tenant NNN Leased Investment with minimal landlord responsibility located in New Castle, VA. Strategically placed at the intersection of Virginia State Route 43 and Route 311, the subject property has outstanding visibility and exposure to over ±4,200 cars per day with a population density of ±7,700 residents within a 10-mile radius. The ±8,050 square-foot building sits on a 0.5-acre lot fronting Main Street, centrally located within the town of New Castle, the only town in Craig County, and about 20 miles north 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 17 years of operating history at the location. Family Dollar has five years remaining on their second extension with three additional 5-year options to extend with scheduled rental increases.