Burgess, VA - Family Dollar-Dollar Tree Combo Store

Description:

• 8+ 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

• Dollar Tree and Family Dollar is strategically fronting Jesse Dupont Memorial Hwy averaging 5,800 VPD
• Burgess is located 10 miles north of Kilmarnock, VA which is a premier weekend destination
• The Northern Neck is about 2.5 hours south of Washington DC, 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