Family Dollar | 1626 Orange Ave NW
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Family Dollar 1626 Orange Ave NW
6,380 SF Retail Building Roanoke, VA 24017 £1,572,437 (£246/SF) 6.40% Net Initial Yield
Investment Highlights
- Heavy vehicle traffic
- Plenty of parking
- Bus Line
Executive Summary
Prime investment opportunity with a NNN lease and 8 years remaining at the time of this listing. Rent increases 10% on June 1, 2026 to $140,277.60. Lease rent increase in 2026 already built into the current agreement for years 11-15. This property is in a high traffic location with many other local businesses, on the public transportation bus line, easily accessible, and with ample parking. Term of the lease will automatically extend one period at a time for 6 consecutive 5 year periods.
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
6,380 SF
Building Class
C
Year Built
2016
Price
£1,572,437
Price Per SF
£246
Net Initial Yield
6.40%
NOI
£100,617
Tenancy
Single
Number of Floors
1
Building FAR
0.16
Land Acres
0.94 AC
Zoning
CN - 400-Commercial/Industrial
Parking
33 Spaces (5.17 Spaces per 1,000 SF Leased)
Frontage
302 ft on Orange Ave NW
Amenities
- Bus Route
- Corner Lot
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 2221601 | Improvements Assessment | £495,808 (2024) |
| Land Assessment | £174,369 (2024) | Total Assessment | £670,177 (2024) |
PROPERTY TAXES
Parcel Number
2221601
Land Assessment
£174,369 (2024)
Improvements Assessment
£495,808 (2024)
Total Assessment
£670,177 (2024)
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Family Dollar | 1626 Orange Ave NW
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