Skip to main content

Discount

Family Dollar

222 Main St, New Castle, VA 24127

Listing Price: $1,034,759

Cap Rate
7.25%
Tenant Name
Family Dollar
Years Remaining On Lease
4.6
Gross SF
8,050
Guarantor
Corporate Guarantee
Rentable SF
8,050
Price/Gross SF
$128.54
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.32

Investment Overview

Marcus and Millichap is please 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 Virgina 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 ±2,800 residents within a 5-mile radius.

The ±8,050 square-foot building sits on 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.

Investment Highlights

  • Leased Investment with minimal landlord responsibility.
  • Strategically located at the intersection of Viginia State Route 42 and Route 311
  • Five years remaining on current extension

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Managing Director / Market Leader

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Discount

Family Dollar

Listing Price: $1,034,759

Cap Rate
7.25%
Tenant Name
Family Dollar
Years Remaining On Lease
4.6
Gross SF
8,050
Guarantor
Corporate Guarantee
Rentable SF
8,050
Price/Gross SF
$128.54
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$9.32

Investment Highlights

  • Leased Investment with minimal landlord responsibility.
  • Strategically located at the intersection of Viginia State Route 42 and Route 311
  • Five years remaining on current extension

Investment Overview

Marcus and Millichap is please 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 Virgina 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 ±2,800 residents within a 5-mile radius. The ±8,050 square-foot building sits on 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.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Managing Director / Market Leader

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

MM Texture Background
MM Textured Background Lower