Family Dollar/Dollar Tree - Callao, VA 35 Northumberland Hwy
16,100 SF Retail Building Callao, VA 22435 $1,610,000 ($100/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Ideal, low-management investment for an out-of-state, passive investor
- Excellent visibility via street frontage and multiple points of access, providing ease and convenience for customers
- Limited competition as there are only a few discount stores serving the immediate trade area
- Conveniently located at a bus stop, across from US Post Office, and next to the Callao Brewing Company in the center of town
EXECUTIVE SUMMARY
8+ years remaining on a 10-year lease with 5 (5-year) options to extend, demonstrating their long-term commitment to the site. Commercial Blvd is a major retail corridor, and is home to other national/credit tenants including ALDI, Publix Supermarket, Ross Dress for Less, Five Below, CVS, and more.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
16,100 SF
Building Class
B
Year Built/Renovated
1960/2023
Price
$1,610,000
Price Per SF
$100
Cap Rate
7%
NOI
$112,700
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.64 AC
Zoning
B-1, - BUSINESS GENERAL
Parking
76 Spaces (4.72 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 8-B-1-0-60-0 | Improvements Assessment | $503,100 |
| Land Assessment | $156,400 | Total Assessment | $659,500 |
