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FAMILY DOLLAR 1847 Boydton Plank Rd 9,403 SF Retail Building Petersburg, VA 23805 $1,854,171 ($197.19/SF) 7% Cap Rate
Investment Highlights
- 2020 Built-to-Suit construction for Family Dollar
- Located within the Richmond, VA MSA
- Newest interior model from Family Dollar, which bolsters their perishable goods offerings significantly
- 5-mile population of over 48,090 residents
- Subject property is strategically located off of I-85, which sees ±58,000 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
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
Freestanding
Building Size
9,403 SF
Building Class
B
Year Built
2019
Price
$1,854,171
Price Per SF
$197.19
Cap Rate
7%
NOI
$129,792
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.91 AC
Zoning
B-2
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Family Dollar began in 1959 as a discount variety store chain and grew from a neighborhood retail concept into a nationwide business serving everyday shopping needs. The company focuses on affordable family essentials and carries food and beverages, paper products, health and beauty supplies, pet food, home products, apparel and accessories, seasonal goods, and electronics. Family Dollar supports convenient value shopping through national brands, private-label items, and digital savings tools across the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 051070805 | Improvements Assessment | $863,400 |
| Land Assessment | $250,000 | Total Assessment | $1,113,400 |
Property Taxes
Parcel Number
051070805
Land Assessment
$250,000
Improvements Assessment
$863,400
Total Assessment
$1,113,400
Contacts
-
Josh Bishop -
Brett Baumgartner -
Scotty Latimer -
Matthews Real Estate Investment Services
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