35 Northumberland Hwy - Convenience Store FOR SALE


Callao, VA 22435
$1,610,000 USD
202-286-1542
35 Northumberland Hwy, Callao, VA for Sale
$1,610,000 USD
Convenience Store - FOR SALE
1/5
null | 7% Cap Rate

35 Northumberland Hwy
Callao, VA 22435


HIGHLIGHTS

  • Ideal, low-management investment for an out-of-state, passive investor
  • Limited competition as there are only a few discount stores serving the immediate trade area
  • Excellent visibility via street frontage and multiple points of access, providing ease and convenience for customers
  • Conveniently located at a bus stop, across from US Post Office, and next to the Callao Brewing Company in the center of town

OVERVIEW

8+ years remaining on a 10-year lease with 5 (5-year) options to extend, demonstrating their long-term commitment to the site. Commercial Blvd is a major retail corridor, and is home to other national/credit tenants including ALDI, Publix Supermarket, Ross Dress for Less, Five Below, CVS, and more.

FOR SALE DETAILS

PRICE

$1,610,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar/Dollar Tree - Callao, VA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

76

LAND DETAILS

LAND ACRES

1.64 AC

LAND SF

71,438 SF

ZONING

B-1,

APN/PARCEL ID

8B(1)60

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.