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DOLLAR TREE 2141 S Crater Rd

11,278 SF Retail Building Petersburg, VA 23805 $1,288,512 ($114/SF) 8% Cap Rate

Investment Highlights

  • 2020 Renovation to Suit for Dollar Tree
  • Five mile population in excess of 73,725
  • Nearby national tenants include McDonalds, Autozone, CVS, NTB, Food Lion, 7-Eleven, Hardees, and Wendy’s
  • Extremely strong corporately guaranteed lease
  • Traffic Counts on S. Crater Rd exceeding 23,530 VPD
  • Dollar Tree acquired Family Dollar in 2015 and they are considered to be the second largest discount retailer in the United States

Executive Summary

Kyle Matthews
License No. 226035518 (VA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,278 SF
Building Class
B
Year Built
1997
Price
$1,288,512
Price Per SF
$114
Cap Rate
8%
NOI
$103,081
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.10 AC
Zoning
B-1
Parking
50 Spaces (4.43 Spaces per 1,000 SF Leased)
Frontage
203 FT on S Crater Rd

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalized Intersection

Nearby Major Retailers

Food Lion
Bank of America

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
055-16-0803
Land Assessment
$550,900
Improvements Assessment
$879,400
Total Assessment
$1,430,300
  • Listing ID: 32395369

  • Date on Market: 7/9/2024

  • Last Updated:

  • Address: 2141 S Crater Rd, Petersburg, VA 23805

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