12461 Blue Star Hwy - Freestanding FOR SALE


Stony Creek, VA 23882
$1,314,000 USD
12461 Blue Star Hwy, Stony Creek, VA for Sale
$1,314,000 USD
Freestanding - FOR SALE
1/3
null | 8.99% Cap Rate

12461 Blue Star Hwy
Stony Creek, VA 23882


HIGHLIGHTS

  • STRONG STORE SALES & HEALTHY RENT TO SALES RATIO
  • RICHMOND MSA | CAPITAL OF VA
  • INTERSTATE LOCATION (40,000 VPD)
  • CORPORATE NN LEASE WITH DOLLAR TREE
  • INVESTMENT GRADE TENANT

OVERVIEW

STRONG STORE SALES & HEALTHY RENT TO SALES RATIO • This property has above average store sales and a lower rent which equates to a healthy rent to sales ratio. • Reach out to listing agent for sales details. RICHMOND MSA | CAPITAL OF VA • Stony Creek is located 40 minutes south of downtown Richmond off Interstate 95 and is a part of the MSA. • Richmond is the capital of Virginia and is the fourth most populous city in the state with over 1.3M residents in the MSA. • The greater metropolitan area includes several Fortune 500 companies: Performance Food Group, Altria, CarMax, Dominion Energy, Markel, and more. • Richmond's strategic location on the James River at the rocky fall line separating Virginia's Piedmont and Tidewater regions made it a natural development point for commerce • Law and finance have long been driving forces in the economy. Richmond is home to the Virginia Supreme Court; one of the four courts in the United States District Court for the Eastern District of Virginia. INTERSTATE LOCATION (40,000 VPD) • This Family Dollar is located on interstate 95 (40,000 VPD). I-95 connects Stony Creek to Richmond, VA. CORPORATE NN LEASE WITH DOLLAR TREE • This Family Dollar has been operating at this location since 2012 and extended the lease for an additional 5 years. • Family Dollar exercised their first option period in October 2022 which extended the lease through September 2027. • There are 3.5 years remaining on a corporate guaranteed NN lease with Dollar Tree. • This extension speaks to Family Dollars confidence and dedication to this market & location. • Tenant is responsible for parking lot, taxes, Insurance, HVAC, and Utilities. • There are limited Landlord responsibilities which include Roof & Structure and Parking Lot • There are 10% rent increases in each of the remaining five, 5-year option periods. INVESTMENT GRADE TENANT • Dollar Tree/Family Dollar is a publicly traded (NYSE: DLTR) Fortune 500 company with an S&P investment grade credit rating of BBB. • Dollar Tree/Family Dollar operate 16,340+ stores across 48 states and five Canadian provinces. • Dollar Tree has been in business for 70 years and has a current net worth of over $33 billion.

FOR SALE DETAILS

PRICE

$1,314,000 USD

PRICE/SF

$164 USD /SF

CAP RATE

8.99%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar | Store Store Sales

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

-

APN/PARCEL ID

67A1-A-68

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