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Discount

Family Dollar

555 Fort Chiswell Rd, Max Meadows, VA 24360

Listing Price: $1,300,786

Cap Rate
7.00%
Tenant Name
Family Dollar
Years Remaining On Lease
2.4
Gross SF
8,000
Guarantor
Corporate Guarantee
Rentable SF
8,000
Price/Gross SF
$162.60
Lease Type
Double Net
Rent Per Square Feet
$11.38

Investment Overview

555 Fort Chiswell Road Offers a Secure, Corporate-Backed NN Net-Lease with Family Dollar in its First extension Period Through September?30,?2027, Ensuring Contractual Occupancy and Predictable Income. At $11.38 PSF NN, the Current Rent Reflects a Premium to Historical Averages, and the Recent $1.01 billion Acquisition of Family Dollar by Brigade Capital Management and Macellum Capital Management Further Strengthens the Tenant’s Balance Sheet, Drawing on Brigade’s History of Driving Operational efficiency Across Retail Portfolios and Macellum’s Proven Expertise in Value-Creation Through Strategic Asset Repositioning. Together, These Sponsors Bring Decades of Combined Experience in Optimizing Net-Lease Investments, Having Successfully Executed Over $5 billion in Retail Transactions Globally.

Investment Highlights

  • Double NN
  • Rent $11.38 PSF
  • Zoning B-2 Business
  • Rent to Sales Ratio
  • Strong Local Demographics & Income Profile
  • Limited Discount Retail Competition Nearby
  • 3 Extensions Every 5 Years With 3% Rent Increases
  • Percentage Rent Equal to 3% of Gross Sales in Excess of $2,759,233

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Managing Director / Market Leader

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Listing Price: $1,300,786

Cap Rate
7.00%
Tenant Name
Family Dollar
Years Remaining On Lease
2.4
Gross SF
8,000
Guarantor
Corporate Guarantee
Rentable SF
8,000
Price/Gross SF
$162.60
Lease Type
Double Net
Rent Per Square Feet
$11.38

Investment Highlights

  • Double NN
  • Rent $11.38 PSF
  • Zoning B-2 Business
  • Rent to Sales Ratio
  • Strong Local Demographics & Income Profile
  • Limited Discount Retail Competition Nearby
  • 3 Extensions Every 5 Years With 3% Rent Increases
  • Percentage Rent Equal to 3% of Gross Sales in Excess of $2,759,233

Investment Overview

555 Fort Chiswell Road Offers a Secure, Corporate-Backed NN Net-Lease with Family Dollar in its First extension Period Through September?30,?2027, Ensuring Contractual Occupancy and Predictable Income. At $11.38 PSF NN, the Current Rent Reflects a Premium to Historical Averages, and the Recent $1.01 billion Acquisition of Family Dollar by Brigade Capital Management and Macellum Capital Management Further Strengthens the Tenant’s Balance Sheet, Drawing on Brigade’s History of Driving Operational efficiency Across Retail Portfolios and Macellum’s Proven Expertise in Value-Creation Through Strategic Asset Repositioning. Together, These Sponsors Bring Decades of Combined Experience in Optimizing Net-Lease Investments, Having Successfully Executed Over $5 billion in Retail Transactions Globally.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Managing Director / Market Leader

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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