Burgess, VA - Family Dollar

Description:

• 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
• Tenant pays for CAM, taxes, insurance and maintains most aspects
of the premises
• 2023 ground up build-to-suit construction. All components and systems are brand new
• Landlord responsibilities limited to roof, structure, and parking lot
• Ideal, low-management investment for an out-of-state, passive investor

• Family Dollar is strategically fronting Jesse Dupont Memorial Hwy averaging 5,800 VPD
• The asset has excellent visibility via street frontage and multiple points of access, providing ease and convenience for customers
• Burgess is located 12 miles north of Kilmarnock, VA which is a premier weekend destination
• The Northern Neck is about 2.5 hours south of Washington D.C., and 1.5 hours east of Richmond
• Popular day-trip or weekend destination for B&B, coastal dining and outdoor activities including boating, fishing, hiking, cycling
• Reedville, VA is home to the fishing industry for Atlantic menhaden
• More than 9,000 residents and 2,400 employees support the trade area
• $101,685 average household income within a 3-mile radius