Family Dollar | Store Store Sales

BACK TO LISTINGS

12461 Blue Star Hwy, Stony Creek, VA 23882
Stony Creek, VA

Price: $1,314,000

Cap: 9.00%

NOI: $118,190

Building Size: 8,018 SF

Lot Size: 1.04 AC

Investment Highlights

STRONG STORE SALES & HEALTHY RENT TO SALES RATIO

• This property has above average store sales and a lower rent which equates to a healthy rent to sales ratio. • Reach out to listing agent for sales details.

RICHMOND MSA | CAPITAL OF VA

• Stony Creek is located 40 minutes south of downtown Richmond off Interstate 95 and is a part of the MSA.

• Richmond is the capital of Virginia and is the fourth most populous city in the state with over 1.3M residents in the MSA.

• The greater metropolitan area includes several Fortune 500 companies: Performance Food Group, Altria, CarMax, Dominion Energy, Markel, and more.

• Richmond's strategic location on the James River at the rocky fall line separating Virginia's Piedmont and Tidewater regions made it a natural development point for commerce

• Law and finance have long been driving forces in the economy. Richmond is home to the Virginia Supreme Court; one of the four courts in the United States District Court for the Eastern District of Virginia.

INTERSTATE LOCATION (40,000 VPD)

• This Family Dollar is located on interstate 95 (40,000 VPD). I-95 connects Stony Creek to Richmond, VA.

CORPORATE NN LEASE WITH DOLLAR TREE

• This Family Dollar has been operating at this location since 2012 and extended the lease for an additional 5 years.

• Family Dollar exercised their first option period in October 2022 which extended the lease through September 2027.

• There are 3.5 years remaining on a corporate guaranteed NN lease with Dollar Tree.

• This extension speaks to Family Dollars confidence and dedication to this market & location.

• Tenant is responsible for parking lot (repairs ≤ $2,500 annually), taxes, Insurance, HVAC, and Utilities.

• There are limited Landlord responsibilities which include Roof & Structure and Parking Lot (repairs > $2,500)

• There are 10% rent increases in each of the remaining five, 5-year option periods.

INVESTMENT GRADE TENANT

• Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB.

• Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces.

• Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.

Don McMinn

678-808-2762 | EMAIL >

OFFERING MEMORANDUM

Email not recognized.
In lieu of a confidentiality agreement, we request that you complete the following form in order to download an Offering Memorandum or try again.

Name

Phone

Email

Principal or Broker?