116 Jessie DuPont Memorial Hwy - Freestanding FOR SALE


Burgess, VA 22432
$1,655,000 USD
202-286-1542
116 Jessie DuPont Memorial Hwy, Burgess, VA for Sale
$1,655,000 USD
Freestanding - FOR SALE
1/5
null | 6.75% Cap Rate

116 Jessie DuPont Memorial Hwy
Burgess, VA 22432


HIGHLIGHTS

  • 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
  • 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
  • 2023 ground up build-to-suit construction. All components and systems are brand new

OVERVIEW

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 Virginia, 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.

FOR SALE DETAILS

PRICE

$1,655,000 USD

PRICE/SF

$157 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NN Family Dollar Tree | Burgess, VA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.57 AC

LAND SF

68,389 SF

ZONING

B-1

APN/PARCEL ID

27-0-1-0-217-B

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.