Family Dollar Investment
For Sale
Contact for pricing
116 Jessie Dupont Memorial Hwy, Heathsville, VA 22473
NNN leased Family Dollar with over 7 years remaining.
Property Size10,532 SF
Price / SF$151.54
Days on Market171
Property Features for 116 Jessie Dupont Memorial Hwy
General Information
Standard status
Active
Size
10,532 SF
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$111,720
Building Details
Year Built
2023
Tenancy
Single
Listing Agency:
SRS Real Estate Partners - Global Company
Listed By:
Andrew Fallon · License #MD 5002882
(202) 286-1542
Source:
Crexi
Added: Mar 26
Changed: Sep 12
Last Checked: Sep 12 at 6:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners - Global Company
Investment Insights
Based on property information with market context.
This property features a Family Dollar store with over 7 years remaining on a 10-year lease, with options to extend for three 5-year periods. The lease is corporate-signed by Family Dollar Stores of Virginia, Inc., and includes 5% rental increases at the beginning of each option period. The rent is $10.60 per square foot. Constructed in 2023, the building benefits from new components and systems. Landlord responsibilities are limited to the roof, structure, and parking lot, making it an ideal, low-management investment. The property fronts Jesse Dupont Memorial Hwy, which averages 5,800 vehicles per day, and offers excellent visibility and multiple access points. There is limited competition, with only two discount stores in the surrounding trade area. The store is located in Burgess, 12 miles north of Kilmarnock, Virginia, a popular weekend destination. The Northern Neck is approximately 2.5 hours south of Washington, DC, and 1.5 hours east of Richmond, attracting visitors for coastal dining and outdoor activities. Within a 10-mile trade area, there are over 9,000 residents and 2,400 employees. The average household income within a 3-mile radius is $101,685. The property is 5 miles from Reedville, VA, home to the fishing industry for Atlantic menhaden. The building has 10,532 square feet.
Key Highlights
- Corporate guaranteed lease by Family Dollar Stores of Virginia, Inc.
- New 2023 build‑to‑suit construction.
- Over 7 years remaining on the initial lease term with options to extend for an additional 15 years.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 22473, VA
5,409
Population
3,904
Households
1.4
Avg Household Size
57
Median Age
29%
College-Educated
85%
High-School Grad
114.4 sq mi
ZIP Area
47
Density / Sq Mi
$70,260
Median Household Income
$38,419
Median Earnings
$682
Median Rent
$259,500
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - NNN leased Family Dollar with over 7 years remaining.
Where is this grocery and convenience store located?
The property is located at 116 Jessie Dupont Memorial Hwy Heathsville, VA.
What is the asking price?
The asking price for this property is $1,596,000.
What are key features of this property?
This property features: Corporate guaranteed lease by Family Dollar Stores of Virginia, Inc.; New 2023 build‑to‑suit construction.; Over 7 years remaining on the initial lease term with options to extend for an additional 15 years.
