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Family Dollar - Burgess, VA 116 Jessie DuPont Memorial Hwy 10,532 SF Retail Building Burgess, VA 22432 $1,596,000 ($151.54/SF) 7% Cap Rate
Executive Summary
• 7 years remaining on a 10-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease is corporate signed by Family Dollar Stores of Virgina, Inc.
• 5% increases at the beginning of the options
• Low rent occupancy cost with rent of $10.60/SF
• The lease is corporate signed by Family Dollar Stores of Virgina, Inc.
• 5% increases at the beginning of the options
• Low rent occupancy cost with rent of $10.60/SF
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,532 SF
Year Built
2023
Price
$1,596,000
Price Per SF
$151.54
Cap Rate
7%
NOI
$111,720
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.57 AC
Zoning
B-1 - This zoning designation is designed to support small-scale commercial activities that serve the local community and complement residential areas.
Amenities
- Signage
- Air Conditioning
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 27-0-1-0-217-B | Improvements Assessment | $405,300 |
| Land Assessment | $85,000 | Total Assessment | $490,300 |
Property Taxes
Parcel Number
27-0-1-0-217-B
Land Assessment
$85,000
Improvements Assessment
$405,300
Total Assessment
$490,300
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