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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

Retail Space Virginia Callao 35 Northumberland Hwy, Callao, VA 22435

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.

Attachments

Callao VA - Dollar Tree & Family Dollar Combo OM

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
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)

Links

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PROPERTY TAXES

Parcel Number 8-B-1-0-60-0 Improvements Assessment $503,100
Land Assessment $156,400 Total Assessment $659,500

PROPERTY TAXES

Parcel Number
8-B-1-0-60-0
Land Assessment
$156,400
Improvements Assessment
$503,100
Total Assessment
$659,500
(202) 286-1542

Contacts

  • Listing ID: 29900541

  • Date on Market: 10/27/2023

  • Last Updated:

  • Address: 35 Northumberland Hwy, Callao, VA 22435

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35 Northumberland Hwy, Callao, VA for sale Building Photo- Image 1 of 6
Callao VA - Dollar Tree & Family Dollar Combo OM
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35 Northumberland Hwy, Callao, VA for sale Building Photo- Image 3 of 6
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35 Northumberland Hwy, Callao, VA for sale Building Photo- Image 4 of 6
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35 Northumberland Hwy, Callao, VA for sale Building Photo- Image 5 of 6
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Family Dollar/Dollar Tree - Callao, VA | 35 Northumberland Hwy
(202) 286-1542 x

Family Dollar/Dollar Tree - Callao, VA | 35 Northumberland Hwy

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Andrew Fallon

(202) 286-1542

(202) 286-1542

Philip Wellde

(202) 552-0092

(202) 552-0092

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