Richmond, VA - Family Dollar

Description:

6+ Years Remaining | Corporate Guaranteed | Scheduled Rental Increases | Options to Extend
• The tenant, Family Dollar, has more than 6 years remaining on their lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease is corporate guaranteed by Family Dollar Stores, Inc., an investment grade tenant (S&P: BBB), nationally recognized, and an established discount store with 7,800+ locations
• The lease features 5% rental increases at the beginning of each option period, generating NOI and hedging against inflation
NN Leased | Fee Simple Ownership | New Roof With Warranty |Limited Landlord Responsibilities
• Tenant reimburses for taxes, insurance, storm water drain bill, and maintains most aspects of the premises
• Investor benefits from fee-simple ownership of the land and building
• Brand new roof with transferable roof warranty in place
• Landlord responsibilities limited to repairs and replacing exterior portions

Signalized, Hard Corner Intersection | Primary Thoroughfare | I-95, I-64 & Mechanicsville Turnpike | Excellent Visibility & Access
• Family Dollar is strategically located at the signalized, hard corner intersection of 4th Avenue and E. Brookland Park Boulevard
• Brookland Park Boulevard, is a primary East/West thoroughfare serving North Richmond and the immediate trade area
• Less than 3 miles East of Interstate 95 (164,000 VPD), the most dominant Interstate Highway along the East coast
• Subject property is approximately 1 mile North of Interstate 64 (83,000 VPD) and Mechanicsville Turnpike (34,000 VPD)
• The asset benefits from significant street frontage and seven points of access, providing convenience and ease for customers
Dense Demographics in 5-mile trade area
• More than 238,000 residents and 224,000 employees support the trade area
• Features an average household income of $75,832

---

Report Listing This listing was syndicated through:

Listing ID: a284o000001NDgYAAW