Family Dollar | Store Store Sales | 12461 Blue Star Hwy
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Family Dollar | Store Store Sales 12461 Blue Star Hwy
8,018 SF Retail Building Stony Creek, VA 23882 £1,028,139 (£128/SF) 8.99% Net Initial Yield
Investment Highlights
- STRONG STORE SALES & HEALTHY RENT TO SALES RATIO
- INTERSTATE LOCATION (40,000 VPD)
- INVESTMENT GRADE TENANT
- RICHMOND MSA | CAPITAL OF VA
- CORPORATE NN LEASE WITH DOLLAR TREE
Executive Summary
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, taxes, Insurance, HVAC, and Utilities.
• There are limited Landlord responsibilities which include Roof & Structure and Parking Lot
• 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.
• 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, taxes, Insurance, HVAC, and Utilities.
• There are limited Landlord responsibilities which include Roof & Structure and Parking Lot
• 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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,018 SF
Building Class
C
Year Built
2012
Price
£1,028,139
Price Per SF
£128
Net Initial Yield
8.99%
NOI
£92,478
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Land Acres
1.04 AC
Parking
27 Spaces (3.37 Spaces per 1,000 SF Leased)
Frontage
591 ft on Halifax Road
Amenities
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 67A1-A-68 | Improvements Assessment | £538,952 |
| Land Assessment | £138,807 | Total Assessment | £677,758 |
PROPERTY TAXES
Parcel Number
67A1-A-68
Land Assessment
£138,807
Improvements Assessment
£538,952
Total Assessment
£677,758
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Family Dollar | Store Store Sales | 12461 Blue Star Hwy
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